Can you claim auto sales tax?

Answer On One Hand: Permissible DeductionThe Internal Revenue Service allows you to claim either your state and local income tax or your state and local sales tax on your federal tax return. The deduction... Read More »

Top Q&A For: Can you claim auto sales tax

What is the sales tax deduction and am I eligible to claim it?

The federal government gives taxpayers the option of deducting state and local sales taxes from their income when filing their taxes. This option is available to anyone who itemizes deductions, tho... Read More »

Can you claim sales tax from a new automobile in New Jersey?

Yes. You are permitted to deduct a limited amount of state, local sales or excise taxes paid for the purchase of a new car in New Jersey. Use the itemized deduction on Schedule A (Form 1040), line ... Read More »

Can I claim a sales tax credit without itemizing?

On One Hand: Itemizing is RequiredIn general, you must itemize your deductions using schedule A in order to claim a tax deduction for state and local sales taxes that you paid. In addition, you can... Read More »

Do I claim sales tax as gross income on business taxes?

When filling out form Schedule C, Profit or Loss from a Business, to accompany Form 1040, the taxpayer does claim sales tax as part of gross income on his business taxes. Schedule C allows for cost... Read More »