Can you deduct sales tax from your income tax?

Answer On One Hand: Deducting Sales Taxes Can Save MoneyAs of 2010, sales tax may be deducted on a federal income tax return if the filer itemizes deductions on Form 1040, Schedule A. The filer may deduct... Read More »

Top Q&A For: Can you deduct sales tax from your income tax

How to Deduct Automobile Sales Tax?

One of the itemized deductions offered by the Internal Revenue Service is the state and local sales tax deduction. Usually, people prefer to claim the state and local income tax deduction. However,... Read More »

How to Deduct Vehicle Sales Tax?

The Internal Revenue Service allows people to claim a deduction for state and local vehicle sales taxes as an itemized deduction. Itemized deductions are reported on your income tax return by using... Read More »

Can I deduct sales tax on a leased vehicle?

On One Hand: It is DeductibleSales tax paid for a leased vehicle is deductible on federal income tax returns, along with all other state and local sales tax. However, deductions must be itemized to... Read More »

Can you deduct sales taxes on your federal tax return?

You can deduct either state and local income taxes that you pay or the state and local sales tax that you pay from your federal tax return. The deduction is itemized, which means you need to forgo ... Read More »