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Sorry, but you cannot if you're adding them to the IRS' sales tax tables. The IRS sales tax tables can have certain additions. These include:
To do so, however, your state sales taxes still must exceed your state income taxes, as you can only deduct one or the other.
(Even if you itemize all sales taxes, they may not be deducible. Rentals in vacation areas (such as in Florida) are often subject to an additional sales tax (referred to as "bed taxes"). If the vacation rental tax is higher than the general sales tax, it's not deductible. (Vacation rental taxes are our way of taxing tourists rather than ourselves. It's the modern day "taxation without representation.")Sorry, but you cannot if you're adding them to the IRS' sales tax tables. The IRS sales tax tables can have certain additions. These include:
To do so, however, your state sales taxes still must exceed your state income taxes, as you can only deduct one or the other.
(Even if you itemize all sales taxes, they may not be deducible. Rentals in vacation areas (such as in Florida) are often subject to an additional sales tax (referred to as "bed taxes"). If the vacation rental tax is higher than the general sales tax, it's not deductible. (Vacation rental taxes are our way of taxing tourists rather than ourselves. It's the modern day "taxation without representation.")Still have questions?
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