Why is the state/local income tax deduction more than my state sales tax deduction when WA state does not have any income tax? How does TT calculate these numbers?
081313
8 Replies
xmasbaby0
Level 15
Jun 7, 2019 3:24:06 PM
Did you enter any property tax for your home?
JP21
New Member
Jun 7, 2019 3:24:07 PM
Yes. But property tax is not income tax, is it?
xmasbaby0
Level 15
Jun 7, 2019 3:24:09 PM
Property tax counts towards the $10,000 limit for the deduction of state and local taxes
JP21
New Member
Jun 7, 2019 3:24:11 PM
So on the Review, TT asks me to enter Sales Tax Rate -1, instead of 6.5% for WA. Should I enter 6.5 instead of 1?
JP21
New Member
Jun 7, 2019 3:24:11 PM
Thanks!
xmasbaby0
Level 15
Jun 7, 2019 3:24:12 PM
If your sales tax rate is 6.5% then enter that.
JP21
New Member
Jun 7, 2019 3:24:14 PM
ok. thanks!!
xmasbaby0
Level 15
Jun 7, 2019 3:24:16 PM
Please see the section explaining SALT --state and local taxes