topic State sales tax deduction in Texas in After you file

State sales tax deduction in Texas

eas8 — Tue, 31 Oct 2023 19:15:58 GMT

does the purchase of large generator to power an all-electric home during power outages qualify as large purchase to deduct sales tax on item and the fuel tank,system to run the generator. Total cost more than a vehicle.

Re: State sales tax deduction in Texas

xmasbaby0 — Tue, 31 Oct 2023 19:37:06 GMT

SALES TAX

You can enter the sales tax you paid in 2022 by going to Federal>Deductions and Credits>Estimates and Other Taxes Paid> Sales Tax.

Sales tax is an itemized deduction. Itemized deductions have no effect on your refund or tax due unless you have enough itemized deductions to exceed your standard deduction.

“Major purchases” that you can enter for the sales tax deduction include:

Motor Vehicles (cars, trucks, motor homes, RV’s, sport utility vehicles and off-road vehicles

Aircraft or boats

Mobile homes

Manufactured housing

Building materials for major home improvements

You cannot deduct: furniture, jewelry, home electronics such as TV’s or computers

https://ttlc.intuit.com/questions/1901222-which-deduction-should-i-choose-sales-tax-or-income-tax

https://ttlc.intuit.com/questions/2566624-how-much-sales-tax-did-i-pay-last-year

https://ttlc.intuit.com/questions/3148443-how-do-you-define-major-purchase-or-major-item-for-the-sales-tax-deduction

https://ttlc.intuit.com/questions/1900791-how-do-i-find-my-local-sales-tax

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Re: State sales tax deduction in Texas

rjs — Tue, 31 Oct 2023 21:51:27 GMT

It's a common misunderstanding that when you use the sales tax tables you can add the tax on "major purchases" or "large purchases" to the amount from the tables. This misunderstanding is perpetuated by TurboTax's use of the term "major purchases." What you are allowed to add, according to IRS rules, is the tax on "specified items." The specified items are a motor vehicle, an aircraft, a boat, a home, or a substantial addition to or major renovation of a home. This is a very simplified list. See the IRS instructions for Schedule A for details and limitations. But a generator is not a specified item, so you cannot add the sales tax on the generator to your deduction.