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Deductions & credits
@MelO4 wrote:
Sorry, you wrote: why don't you take the sales tax deduction?
I'm not taking the sales tax deduction because I don't know what that means. This is getting too complicated. I know you can do it through a simplified method, without saving receipts, but my medical expenses were high enough on Schedule A.
Are you saying that since I am not taking the Standard Deduction, I could deduct the Sales Tax paid and should?
Once your itemized deductions are more than your standard deduction, you should take every deduction that you can. Any additional deductions reduce your tax even more (except for certain deductions that are capped).
‎October 7, 2022
8:41 AM