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Are sales taxes deductible on the 2006 Federal tax return in lieu of State income taxes?
3 Answers
- 1 decade agoFavorite Answer
Yes they are and you can also add big ticket items such as a car to the tables provided for your use.
- Anonymous5 years ago
Income taxes (state) have always been deductible. For the last few years, you have been given the choice between claiming state/local income taxes or sales taxes - but not both. This usually works out when you have purchased a big ticket item such as a new car. However, in order to get the deduction, you have to itemize.
- 1 decade ago
Yes, mostly it is for the few states that do not charge State Income Tax, but generally have a higher sales tax.
Source(s): IRS employee for 18 years.
