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Why is the state/local income tax deduction more than my state sales tax deduction when WA state does not have any income tax? How does TT calculate these numbers?
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June 7, 2019
3:24 PM
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State tax filing
Did you enter any property tax for your home?
**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.**
June 7, 2019
3:24 PM
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State tax filing
Property tax counts towards the $10,000 limit for the deduction of state and local taxes
**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.**
June 7, 2019
3:24 PM
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State tax filing
So on the Review, TT asks me to enter Sales Tax Rate -1, instead of 6.5% for WA. Should I enter 6.5 instead of 1?
June 7, 2019
3:24 PM
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State tax filing
If your sales tax rate is 6.5% then enter that.
**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.**
June 7, 2019
3:24 PM
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State tax filing
Please see the section explaining SALT --state and local taxes
https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return
**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.**
June 7, 2019
3:24 PM