I'm filling out the What-If worksheet in the Desktop program. Where do you enter the Sales Tax instead of State Tax? That really doesn't matter since my state estimates etc are more. My main questions is......I did the IRS Sales Tax Deduction Calculator and it asked for non taxable IRA distributions not including Rollovers. Would that include the QCD charity distributions I made? I made a LOT of QCD.
The IRS didn't have year 2025 listed yet so I put in 2024 and used my 2025 income. It didn't seem to give me very much sales tax. Looks like it only gave me about 10% of what I calculate.
It shows 7.25% for my state. So don't I simply take my AGI x .0725? That is about 10x higher than the IRS gives me. If I take the IRS calculated tax amount / AGI I get .005. I guess there must be more formula to it. They probably don't give you the whole AGI x rate.
