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Deductions & credits
@arvind-doraiswam wrote:
Is this the sales tax table you speak about - https://apps.irs.gov/app/stdc/stdc.html?
The link that you posted doesn't work because you copied it after you had started going through the calculator, but yes, that's the IRS sales tax table. The tables are also in the IRS Instructions for Schedule A, starting on page 14. Here's the link for the start of the Sales Tax Deduction Calculator on the IRS web site.
https://www.irs.gov/credits-deductions/individuals/sales-tax-deduction-calculator
@arvind-doraiswam wrote:
That works out to a bit less than what Turbo Tax calculated
Remember that the deduction that TurboTax calculates is the amount from the IRS table plus the amount that you entered for the car.
May 12, 2021
8:30 PM