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Which state does not have either a sales or personal income tax?
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∙ 15y ago
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Can you claim sales tax on your taxes?
Yes, you can claim state and local sales taxes on your return. But in order to do so you must itemize deductions and you must not claim state and local income taxes. You're allowed to claim either state and local income taxes or state and local sales taxes, but not both.If you do claim the sales tax deduction, you can either claim the amount you actually paid (based on receipts) or the amount given to you by the IRS's Sales Tax Deduction Calculator.For a more detailed explanation of the state and local sales tax deduction, please see Deducting State Sales Tax.
What is Washington state taxe rate?
Personal Income TaxesNo state personal income tax
Who collecting Texas state taxes?
Texas does not have any Personal Income TaxesNo state personal income tax and Retirement Income: Not taxed
Can you claim taxes of grocery receipts?
If you itemize deductions on your federal income tax return, you have the choice of claiming a deduction either for state income taxes or state sales taxes (but not both). Sales taxes would include those for groceries. Note that this is a deduction, not a refund or credit.
Can state sales tax be deducted from your taxes?
According to the IRS, if you itemize deductions on your federal return you may deduct either state and local incometaxes or state and local sales taxes. You get to choose which to deduct, but you may not deduct both, and you can't deduct either unless you itemize deductions.Chances are pretty good that unless your state has low income tax rates and fairly high sales tax rates, you'll be better off deducting the income taxes instead, but you do have the option.
Can you claim sales tax on your taxes?
Yes, you can claim state and local sales taxes on your return. But in order to do so you must itemize deductions and you must not claim state and local income taxes. You're allowed to claim either state and local income taxes or state and local sales taxes, but not both.If you do claim the sales tax deduction, you can either claim the amount you actually paid (based on receipts) or the amount given to you by the IRS's Sales Tax Deduction Calculator.For a more detailed explanation of the state and local sales tax deduction, please see Deducting State Sales Tax.
What is Washington state taxe rate?
Personal Income TaxesNo state personal income tax
How much is Washington state income tax?
Washington does NOT have any Personal Income TaxesNo state personal income taxRetirement Income: Not taxed.
Does the state you live in collect income tax?
Yes the state that I live in does have a personal state income tax and does collect the states personal income taxes from the taxpayers.
Who collecting Texas state taxes?
Texas does not have any Personal Income TaxesNo state personal income tax and Retirement Income: Not taxed
Can you claim taxes of grocery receipts?
If you itemize deductions on your federal income tax return, you have the choice of claiming a deduction either for state income taxes or state sales taxes (but not both). Sales taxes would include those for groceries. Note that this is a deduction, not a refund or credit.
Are there federal deductions for sales tax on new cars?
Not exactly. Starting a few years ago, all were given the choice of deducting EITHER state income tax paid, OR state sales tax paid. Normally, if you live in a state with income tax, it is most beneficial to use that as your deduction...but if you live in a state with no income tax - the sales tax works...and when you have paid a lot of sales tax in a year...perhaps because of car, boat, etc purchases...it can be the better way in either case. AND - as part of the incentive programs in effect now - 2009 - there is a special allowance for deducting sales tax on new cars...with a number of restrictions.
Which state in the U.S. have no taxes?
I know of no state that has absolutely no taxes. The closest is Alaska which has no personal income tax or statewide sales tax, although some municipalities have sales taxes.Perhaps you were thinking of just one particular type of tax?
Is the state Alaska a sales tax state or a income tax state?
The state of Alaska does not have state inome tax - it is a sales tax state only.
Can state sales tax be deducted from your taxes?
According to the IRS, if you itemize deductions on your federal return you may deduct either state and local incometaxes or state and local sales taxes. You get to choose which to deduct, but you may not deduct both, and you can't deduct either unless you itemize deductions.Chances are pretty good that unless your state has low income tax rates and fairly high sales tax rates, you'll be better off deducting the income taxes instead, but you do have the option.
When do you pay sales tax?
Typically sales tax is paid at the point of sale, hence the name. But depending on the state there are exceptions. If you buy goods from outside the state, and do not pay sales tax (internet sales!), you need to remit sales tax to your state. Most of the state income tax forms have a method provided for paying sales tax along with the state income tax.
Which of these statements about state sales tax is not true?
which statement regarding state income tax is not true
