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If I didn’t purchase anything major in 2018, does the sales tax section apply to me? I entered in the state I live in and the tax rate and it said I would get back a lot?
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If I didn’t purchase anything major in 2018, does the sales tax section apply to me? I entered in the state I live in and the tax rate and it said I would get back a lot?
Sales tax can apply to anyone except a person who lives in a state with no sales tax. It's calculated from an IRS table. They use the filing status, income, and state tax rate for every state. Then you can change the tax rate to add in the local tax rate and the tax paid on any large purchases you made. If your sales tax looks too high, it's most likely because you entered the state tax rate incorrectly. Go back and check that you entered a rate like 6.25% and not 62.5%.
If you are done with sales tax, then you've returned to a table showing your state and the sales tax rate and you can edit that if you need to make a correction.
Sales tax is one of many itemized deductions, and your itemized deductions in total have to exceed your standard deduction in order to use any of them.
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If I didn’t purchase anything major in 2018, does the sales tax section apply to me? I entered in the state I live in and the tax rate and it said I would get back a lot?
Sales tax can apply to anyone except a person who lives in a state with no sales tax. It's calculated from an IRS table. They use the filing status, income, and state tax rate for every state. Then you can change the tax rate to add in the local tax rate and the tax paid on any large purchases you made. If your sales tax looks too high, it's most likely because you entered the state tax rate incorrectly. Go back and check that you entered a rate like 6.25% and not 62.5%.
If you are done with sales tax, then you've returned to a table showing your state and the sales tax rate and you can edit that if you need to make a correction.
Sales tax is one of many itemized deductions, and your itemized deductions in total have to exceed your standard deduction in order to use any of them.
- Mark as New
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If I didn’t purchase anything major in 2018, does the sales tax section apply to me? I entered in the state I live in and the tax rate and it said I would get back a lot?
Also, I entered the correct tax rate before and it was over $400 without putting any receipts or extra info in. I feel like that’s a bit much and that I’ll end up paying that back to the govt anyway.
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