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Deductions & credits
@joelmarcia wrote:
I appreciate your tips, and I shall deduct my state taxes from my federal taxes.
However, you didn't answer my primary question, which I stated poorly, can I use the state tax on my car to offset my Missouri state taxes? If so, where do I put the $1756 that I paid in state tax in TurboTax?
Most of the time, states don't allow a deduction for their own state taxes. If you think about it, it's a circular logic problem -- you pay tax to Missouri, which reduces the tax you owe to Missouri.
I checked form MO-A and if you do deduct your state and local taxes on your federal return, that gets taken out when you do your state tax return.
‎August 15, 2022
1:07 PM