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 »

Is sales tax deductible with the IRS?

State and local sales tax can be deducted from your federal income tax return. However, you must itemize your tax deductions and not claim the deduction for state and local income taxes.References:... Read More »

Is sales tax you collect deductible?

Taxes that fall under one of the deductible categories all pertain to taxes paid by an individual, not taxes collected by a business. When a business collects sales tax, all taxes collected are sen... Read More »

Is vehicle sales tax-deductible?

Vehicle sales tax is deductible from your income taxes if you itemize your deductions. However, if you choose to claim the sales tax deduction, you cannot deduct state and local income taxes.Source... Read More »