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Can i claim my sales tax for last year when i bought new car and rv? where would i include that? thanks
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Can i claim my sales tax for last year when i bought new car and rv? where would i include that? thanks
Yes, you can claim your sales tax that you paid in 2016 as part of your itemized deduction:
- Federal Taxes
- Deductions and Credits
- Estimates and Other Taxes Paid
- Sales Tax
Note: For most people, the state and local income taxes paid usually gives them the higher deduction, but for others, the sales tax deduction may give them a greater benefit, for example:
- Residents of states that don't collect state and local income tax (Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming)
- Taxpayers who made major purchases during the tax year that were subject to sales tax (we're talking major as in cars, boats, airplanes, RVs, etc.)
- Residents of states with a high sales tax rate.
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Can i claim my sales tax for last year when i bought new car and rv? where would i include that? thanks
Yes, you can claim your sales tax that you paid in 2016 as part of your itemized deduction:
- Federal Taxes
- Deductions and Credits
- Estimates and Other Taxes Paid
- Sales Tax
Note: For most people, the state and local income taxes paid usually gives them the higher deduction, but for others, the sales tax deduction may give them a greater benefit, for example:
- Residents of states that don't collect state and local income tax (Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming)
- Taxpayers who made major purchases during the tax year that were subject to sales tax (we're talking major as in cars, boats, airplanes, RVs, etc.)
- Residents of states with a high sales tax rate.
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