Can I include the sales tax in the price of an item I’m claiming for a deduction?
Yes. If you’re allowed to deduct certain expenses, you can deduct the full cost of the expense including sales tax.
However, you might have deducted state and local sales tax — instead of state and local income taxes — on Schedule A. If so, you can’t claim the sales tax you paid on property you contributed to a charity for both your:
- Sales tax deduction
- Charitable deductions
Do you know what your tax filing status is? Learn how to determine and check your tax filing status with H&R Block.
There have been some changes to the Earned Income Credit. Learn how your eligibility and tax return may be affected by these changes at H&R Block.
What is a qualified tuition plan? Can it impact your tax return? Learn more about this type of savings account and get tax answers at H&R Block.
If you made a contribution to a candidate or to a political party, campaign, or cause, you may be wondering if your political contributions are tax deductible. The answer is no – donations to political candidates are not tax deductible on your personal or business tax return. The same goes for campaign contributions.