Is the sales tax I paid on a vehicle purchase in Texas deductable from my federal income taxes?
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Taxes
Michael B asked:
I recently became a Texas resident and paid sales tax to Texas on a car I purchased. Is that state sales tax deductable from my federal income taxes (Texas has no state income tax)?
I recently became a Texas resident and paid sales tax to Texas on a car I purchased. Is that state sales tax deductable from my federal income taxes (Texas has no state income tax)?
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5 comments
Cheliebean on July 31, 2009 at 2:48 pm
Yes. However this will only help you if you itemize instead of taxing the standard deduction.
angbil1991 on August 1, 2009 at 12:55 pm
YES
danjarrett65 on August 2, 2009 at 2:02 pm
Yes, on your Schedule A, which means you would need to itemize to receive the deduction. If you don’t itemize, your standard deduction might be greater than your itemized deductions.
You may want to contact a tax professional for your state taxes, as there are additional schedules you will need to file for the tax paid, as well as resident and nonresident state tax returns.
J PAres1 on August 3, 2009 at 4:18 pm
Yes, if you are already itemizing on a schedule A (itemized deductions) you can enter sales tax on it in the taxes portion. Your itemized deductions have to be over the standard deduction in order for it to count. If you have any questions, please feel free to contact me. I’ll be happy to help.
engineer50 on August 6, 2009 at 3:28 pm
Only if you can itemize deductions.
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