Sales Tax Deduction Table
February 24th, 2009Question: can i really deduct sales tax from groceries and clothes on my taxes?
im really lost about the sales tax deduction. add up receipts or use an amount from a tax table?? I could deduct state income tax from my W2 also??
Answer: You can either deduct state income tax OR sales tax – not both. Any simple tax software will figure out which one is higher (you don’t have to add up all your sales taxes paid, there is a formula used). Most likely state income tax is higher unless you bought a car or live in a state with no state taxes.
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