Friday, 27 March 2020

How do I Deduct local and state taxes?

Tyree Allenbrand: If the local taxes are based upon sales, then you need to compare sales tax to state withholdings. Check out the sales tax calculator to compute your standard sales tax deduction. This would be underwww.irs.gov. Search for sales tax calculator.

Sena Highman: If you can itemize your deductions, these taxes go on Form 1040 Schedule A under the heading Taxes You Paid.Sharon Pierce, HRB Sr Tax Advisor VThis advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided....Show more

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