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Where is sale taxes by state reported?
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Where is sale taxes by state reported?
You would report this by:
- Click on the Federal Tab located in your Menu Bar on the left-hand side of your screen.
- Choose "Deductions & Credits"
- Make sure you can see your full list of Deductions & Credits - Scroll down to "Estimates and Other Taxes Paid"
- Click the drop-down arrow to "Show More" and choose "Start" next to "Sales Tax"
You have the option of claiming either general state and local sales taxes or state and local income taxes as an itemized deduction to reduce your tax bill.
If you live in a state that doesn't tax income, you'll want to go through the Sales Tax Deduction section since chances are good that the sales tax deduction will be larger than any income taxes you may pay.
- Mark as New
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- Permalink
- Report Inappropriate Content
Where is sale taxes by state reported?
You would report this by:
- Click on the Federal Tab located in your Menu Bar on the left-hand side of your screen.
- Choose "Deductions & Credits"
- Make sure you can see your full list of Deductions & Credits - Scroll down to "Estimates and Other Taxes Paid"
- Click the drop-down arrow to "Show More" and choose "Start" next to "Sales Tax"
You have the option of claiming either general state and local sales taxes or state and local income taxes as an itemized deduction to reduce your tax bill.
If you live in a state that doesn't tax income, you'll want to go through the Sales Tax Deduction section since chances are good that the sales tax deduction will be larger than any income taxes you may pay.
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