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Is filing an amended return for sales tax on a car worth the effort and cost? I didn't know I could use the $2075 in tax paid.
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It depends on if you took the Standard Deduction or Itemized deductions on your 2017 return...and your tax bracket. For example, if you are in the 15% tax bracket and Itemized deductions, it's possible you could get a refund of 15% of that sales tax. However, this only works IF on the Schedule A (Itemized Deductions) you claimed sales tax and not the state "income" tax deduction (line 5). I would suggest looking at your tax return to confirm you itemized on Schedule A, then look at line 5 of that form and see what would be higher...sales tax or income tax. Hope that helps with your decision.
Thanks for the reply. I have not be able to Itemize for a long time so I am guessing my return will stay the way it was.
If that is the case, then yes, it's unlikely it would benefit you. You're welcome!
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