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Can you Claim state taxes on federal return?
Yes. And if you pay more in sales taxes than state income taxes, you can use that
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.
How is sales tax calculated?
This depends on where you are. There is no Federal sales tax, but there are state and local taxes in some places. Usually it is a percentage of the purchase price.
Can counties collect local sales tax in place of state sales taxes?
It would depend on your state law. But in most places, counties collect sales taxes in addition to state sales taxes.
Can you deduct the amount you pay your tax account?
I am not sure what you mean by this or what kind of tax account you may be referring to.On your federal income tax return, you may deduct payments of various types of state and local taxes that are imposed on you within limitations. These include real estate, state and local income taxes, and sales taxes (but not both sales taxes and income taxes). You may not deduct federal incomes taxes. You may not deduct interest or penalties.A few states let you deduct federal income taxes on your state return.
Can you Claim state taxes on federal return?
Yes. And if you pay more in sales taxes than state income taxes, you can use that
Why does the state government receive all of their money from the federal government?
The state governments do not receive all their money from the Federal government. The majority of their funds come from state income taxes, property taxes and sales taxes.
How do US citizens pay for services such as police and firefighters and public schools?
State taxes, including - but not limited to - state income taxes, sales taxes, property taxes, etc. Some money collected by the federal government through federal taxes will also be returned to the state.
Are the 2 taxes charged on each pack of cigarettes a sales tax?
There is a federal excise tax and a state sales tax.
What are the main sources of state revenue?
sales taxesindividual income taxescorporate income taxes
Can counties collect local sales taxes in place of state sales taxes?
It would depend on your state law. But in most places, counties collect sales taxes in addition to state sales taxes.
Why were taxes created in America?
Taxes were created to fund the military and create jobs within the government. Revenue from state sales taxes pay for jobs within the state, property taxes pay for public education, and federal taxes pay for the military and those employed by the federal government.
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.
How is sales tax calculated?
This depends on where you are. There is no Federal sales tax, but there are state and local taxes in some places. Usually it is a percentage of the purchase price.
Where do state governments get income?
It depends on the state.Individual and business income taxes, sales taxes, use taxes, property taxes, excise taxes, fuel taxes, road taxes, professional licensing fees, entertainment taxes, casino taxes -- the possibilities are nearly endless.Let us not forget the taxes we pay to the federal government that the federal government pays to the state governments so they'll do what the federal government wants them to do.
Can counties collect local sales tax in place of state sales taxes?
It would depend on your state law. But in most places, counties collect sales taxes in addition to state sales taxes.
Can Taxes imposed by the Congress can be set at different rates from state to state?
There are different types of taxes. They are local, state, and federal. The federal taxes are income tax that is taken monthly from pay checks and in the form of social security. On top of federal is state taxes. Some states don't have a state tax while others to. States also collect taxes on sales and winning things like lotteries. State taxes are also collected at the gas pump for highway funds. Local taxes can vary between cities and regions and usually come in the form of sales taxes. Property tax is also collected by cities. These too can vary depending on the value of the property.
