turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can i deduct all sales taxes paid in 2023

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Can i deduct all sales taxes paid in 2023

You can if you have receipts for all the sales taxes paid in 2023.

 

To enter your sales taxes

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Estimates and Other Taxes Paid
On Sales Taxes, click the start or update button

 

However, Sales taxes are entered as an itemized deduction on Schedule A.  There is a limit to the amount of taxes Sales Taxes or State Income taxes, whichever is greater will be used.  The limit is $10,000 ($5,000 if married filing separately) 

 

The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

 

Standard deductions for 2023

Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older

Can i deduct all sales taxes paid in 2023

You can deduct sales tax or state income taxes but not both. You have the option of entering your actual sales tax paid if you have the receipts or estimate the sales tax paid based on you income. Turbo Tax will do the estimate for you. If you do the estimate and you bought an expensive item or two during the year, like a car or boat, the sales tax on these items can be added to the estimated value.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question