SALES TAX
You can enter the sales tax you paid in 2024 by going to
Federal>Deductions and Credits>Estimates and Other Taxes Paid> Sales Tax.
Sales tax is an itemized deduction. Unless you have enough other itemized deductions like mortgage interest, medical expenses, charity donations, etc. to exceed your standard deduction the sales tax will have no effect on your tax due or refund.
The standard deduction makes some of your income “tax free.” It is not a refund. You will see your standard or itemized deduction amount on line 12 of your 2024 Form 1040.
2024 STANDARD DEDUCTION AMOUNTS
SINGLE $14,600 (65 or older/legally blind + $1950)
MARRIED FILING SEPARATELY $14,600 (65 or older/legally blind + $1550)
MARRIED FILING JOINTLY $29,200 (65 or older/legally blind + $1550)
HEAD OF HOUSEHOLD $21,900 (65 or older/legally blind + $1950)
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
