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You would report this by:
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.
You would report this by:
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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