rjs
Level 15
Level 15

Deductions & credits

The $2,417 is not for the car. Most of it is from the sales tax table. You pay sales tax on almost everything you buy. The sales tax table allows you to deduct an average amount of sales tax for someone with your income and family size. If you provide the following information I can try to figure out how much the sales tax table allows you to deduct.

 

  • What state do you live in?
  • What is your total income for the year (Form 1040 line 11 plus nontaxable income such as tax-exempt interest and the nontaxable portion of Social Security)?
  • Are you filing a joint tax return with your spouse?
  • How many dependents are you claiming?
  • How much tax did you pay to the DMV?
  • Do you live in a place that has local (county or city) sales tax in addition to the state sales tax? If so, what is the total sales tax rate, including state and local sales tax?

 

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