If you are taking the Itemized Deductions instead of the Standard Deductions on your Form 1040, then you can deduct sales tax as part of your Schedule A deductions.
You can choose between deducting your state and local income taxes (SALT) or your state and local sales taxes. You cannot claim both, and you can't claim either one if you're taking the standard deduction. However, be aware that for tax years 2018 through 2025, the SALT deduction (which includes sales tax) is capped at $10,000. That means if the combined total of your sales tax, real estate tax, and personal property tax amounts to $15,000, you can only deduct $10,000 maximum.
If you’re taking the sales tax deduction, here’s how to enter the sales tax you paid:
For additional information regarding Sales Tax please review the links below:
Correct. If you are taking the standard deduction then you have no need for sales tax information.
If you are taking the Itemized Deductions instead of the Standard Deductions on your Form 1040, then you can deduct sales tax as part of your Schedule A deductions.
You can choose between deducting your state and local income taxes (SALT) or your state and local sales taxes. You cannot claim both, and you can't claim either one if you're taking the standard deduction. However, be aware that for tax years 2018 through 2025, the SALT deduction (which includes sales tax) is capped at $10,000. That means if the combined total of your sales tax, real estate tax, and personal property tax amounts to $15,000, you can only deduct $10,000 maximum.
If you’re taking the sales tax deduction, here’s how to enter the sales tax you paid:
For additional information regarding Sales Tax please review the links below:
Just to reconfirm, if i chose to go with standard decuction, i can leave the sales tax info blank?
Correct. If you are taking the standard deduction then you have no need for sales tax information.
In Turbo tax under
Deductions & Credits --> your tax breaks --> Sales tax i see a number in 2022, but its showing blank for 2021. Does that mean i didn't add standard deduction or sales tax last year?