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
As a young adult or millennial, taxes may be a new responsibility. Learn more about common deductions & credits for young adults with H&R Block.
What are the qualifications for the retirement savings contribution credit or savers credit? Learn more from the experts at H&R Block.
The Saver’s Credit is a special tax break for some taxpayers saving for retirement. Learn more about the Retirement Savings Contribution Credit at H&R Block
Learn how being a US citizen married to a non-resident alien will impact your tax return with help from the tax experts at H&R Block.