turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

annizm
New Member

If I paid $1,402.00 in sales tax buying materials for home renovations is it worth my while to upgrade to deluxe?

Right now the program says I owe $1,631 will upgrading and figuring in this tax decrease what I owe?
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
AnnetteB6
Employee Tax Expert

If I paid $1,402.00 in sales tax buying materials for home renovations is it worth my while to upgrade to deluxe?

If you are currently using the standard deduction instead of itemized deductions, then upgrading would make no difference at all.  Even if you are using itemized deductions, there is no guarantee that it would decrease your balance due.  

 

Itemized deductions include mortgage interest, property tax, charitable contributions, state and local tax OR sales tax.  Therefore, the sales tax amount would not automatically increase your itemized deductions if your state and local tax was already greater than the sales tax total.  If it had an effect at all, it does not reduce the taxes dollar for dollar.

 

 

@annizm

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
annizm
New Member

If I paid $1,402.00 in sales tax buying materials for home renovations is it worth my while to upgrade to deluxe?

I am itemizing, I got a message that I have to upgrade to Deluxe to enter tax on renovation materials.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies