Is the sales tax I paid on a vehicle purchase in Texas deductable from my federal income taxes?
April 16, 2009
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)?
4 Responses to “Is the sales tax I paid on a vehicle purchase in Texas deductable from my federal income taxes?”
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April 19th, 2009 at 3:20 pm
Yes. However this will only help you if you itemize instead of taxing the standard deduction.
April 22nd, 2009 at 10:38 am
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.
April 25th, 2009 at 1:58 am
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.
April 27th, 2009 at 7:23 pm
Only if you can itemize deductions.