Michael B: Is the sales tax I paid on a vehicle purchase in Texas deductable from my federal income taxes?
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)?
Answers and Views:
Answer by Cheliebean
Yes. However this will only help you if you itemize instead of taxing the standard deduction.
YESAnswer by danjarrett65
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.
Answer by J PAres1Yes, 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.Answer by engineer50
Only if you can itemize deductions.
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