- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Check this enry total sales tax rate_______?? not sure what to put there? dont ever remeber it asking that in the past
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Check this enry total sales tax rate_______?? not sure what to put there? dont ever remeber it asking that in the past
Are you working on the sales tax deduction? If so, you are being asked how much the sales tax is in your local area. If you do not know, you could check some receipts from nearby places where you normally shop. Or google the sales tax rate for your zip code.
SALES TAX
You can enter the sales tax you paid in 2017 by going to Federal>Deductions and Credits>Estimates and Other Taxes Paid> Sales Tax.
Sales tax is an itemized deduction. If your state has a state income tax, you have to choose between using the deduction for your state tax paid OR the sales tax deduction, whichever is higher. The TT process will suggest one or the other as you prepare your return.
“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
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Check this enry total sales tax rate_______?? not sure what to put there? dont ever remeber it asking that in the past
Are you working on the sales tax deduction? If so, you are being asked how much the sales tax is in your local area. If you do not know, you could check some receipts from nearby places where you normally shop. Or google the sales tax rate for your zip code.
SALES TAX
You can enter the sales tax you paid in 2017 by going to Federal>Deductions and Credits>Estimates and Other Taxes Paid> Sales Tax.
Sales tax is an itemized deduction. If your state has a state income tax, you have to choose between using the deduction for your state tax paid OR the sales tax deduction, whichever is higher. The TT process will suggest one or the other as you prepare your return.
“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
Still have questions?
Make a post