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In Texas Do we receive a deduction for sales taxes in addition to the standard deduction? What is the standard deduction for 65 and over?

 
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KrisD
Intuit Alumni

In Texas Do we receive a deduction for sales taxes in addition to the standard deduction? What is the standard deduction for 65 and over?

No, you still need to pick one way (Itemized Deductions Schedule A) or the other (Standard Deduction).

The Standard Deduction for tax year 2016 is:

Single is $6,300 and Married Filing Jointly is $12,600.

The exemption amount for 2016 is $4,050 and $1,250 is added if over 65 or blind.

Please see the answer below for a more accurate response:

View solution in original post

2 Replies
KrisD
Intuit Alumni

In Texas Do we receive a deduction for sales taxes in addition to the standard deduction? What is the standard deduction for 65 and over?

No, you still need to pick one way (Itemized Deductions Schedule A) or the other (Standard Deduction).

The Standard Deduction for tax year 2016 is:

Single is $6,300 and Married Filing Jointly is $12,600.

The exemption amount for 2016 is $4,050 and $1,250 is added if over 65 or blind.

Please see the answer below for a more accurate response:

In Texas Do we receive a deduction for sales taxes in addition to the standard deduction? What is the standard deduction for 65 and over?

2016 Standard Deductions

Single    $6300  (65 or older + $1550)

Married Filing Separately   $6300  (65 or older +  $1250)

Married Filing Jointly           $12,600  (65 or older + $1250@)

Head of Household $9300  (65 or older + $1550)

Note:  Sales tax is an itemized deduction.  You need enough itemized deductions to exceed your standard deduction in order for your tax due or refund to be affected.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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