Is sales tax deductible from taxes?

Answer On One Hand: Only if You ItemizeYou are allowed to deduct sales tax from your federal income tax return if you itemize your deductions. However, when you itemize your tax return, you lose the stand... Read More »

Top Q&A For: Is sales tax deductible from taxes

Are Cell Phone Sales & Usage Taxes Tax Deductible?

Cell phone service providers include state sales and usage tax as part of their cell phone customers' billing statement. Part of the total cell phone bill each month, individual states impose this ... Read More »

Are My Registration Fees Deductible From My Taxes?

When you own a vehicle in the United States, you must pay annual state or local registration fees to legally drive the car on public streets. Vehicle registration fees vary from state to state and ... Read More »

Are Social Security taxes deductible from taxable income?

Wage earners cannot deduct Social Security taxes withheld by their employers. If you are self-employed, you can deduct half of the self-employment tax, which includes Social Security and Medicare p... Read More »

What percentage of Florida's taxes come from the sales tax?

Generally, states that impose a sales tax raise between 30 and 50 percent of state revenue through sales taxes. However, states like Florida that do not have state income taxes rely more heavily o... Read More »