Sentences with phrase «general sales tax»

If you are highly organized and keep track of your sales receipts, you can enter your actual state and local general sales tax expenses onto Schedule A.

If you chose general sales taxes, none of your refund is taxable.

If you purchased a vehicle, boat or airplane, you get to add the state sales tax you paid to the amount shown in IRS tables for your state, to the extent the sales tax rate you paid doesn't exceed the state's general sales tax rate.

Congress eliminated the deduction for taxes on motor fuels in 1978, and eliminated the deduction for general sales tax in 1986.

For tax year 2017, taxpayers who itemize can write off their state and local income, property and general sales tax payments on their federal tax return.

* Prices include General Sales Tax (GST).

Also note that the instructions for Schedule A state that you should keep your actual receipts showing general sales taxes paid to take the 5b deduction — I take that to mean you should keep your receipts of paid use taxes as well.

You could fill out the worksheet and use the optional general sales tax tables in the Instructions for Schedules A & B (Form 1040)...

Record sales tax as an itemized deduction on Schedule A. Under item 5 in «Taxes You Paid,» mark box B and record your total general sales tax payments.

Vermont has a 6 % general sales tax rate, which is imposed on amusement charges, sales of tangible personal property, some public utility charges, fabrication charges, and some service contracts.

* Price includes General Sales Tax (GST).

It extended other expiring tax provisions, including the deduction for state and local general sales taxes, the above - the - line deduction for education expenses, and the educator expense deduction, through 2011.

When people all over the country vacation at Disney World or in Las Vegas, tax collectors will tally the receipts from lodging, rental car, restaurant, and general sales taxes in Florida and Nevada, but we will count those payments in the states where the vacationers live.

Taxpayers who itemize deductions on their federal income tax returns can deduct state and local real estate and personal property taxes as well as either income taxes or general sales taxes.

If you were subject to state / local income or general sales tax and you paid it during your tax year, you may claim this as an itemized deduction.

However, this rule does not apply in New Hampshire because the state does not have an income tax on an individual's W - 2 reported wages or a general sales tax.

States set income taxes, general sales taxes, various excise taxes, such as on gasoline, and general property and estate taxes.

If you opt for sales taxes, you can count the general sales taxes you pay for buying a home, including a manufactured, mobile or modular home; and materials for major renovations or additions.

If the sales tax on these types of vehicles is higher than the general sales tax rate, you can only deduct sales tax up to the general sales tax rate.

(1) In general, a use tax on an item is complementary to a general sales tax on similar items if the use tax is imposed on an item which was not subject to such general sales tax but which would have been subject to such general sales tax if the sale of the item had taken place within the jurisdiction imposing the use tax.

(E) Compensating use taxes A compensating use tax with respect to an item shall be treated as a general sales tax.

However, if you paid sales tax on a motor vehicle at a rate higher than the general sales tax, you can deduct only the amount of the tax that you would have paid at the general sales tax rate on that vehicle.

(ii) is complementary to a general sales tax, but only if a deduction is allowable under this paragraph with respect to items sold at retail in the taxing jurisdiction which are similar to such item.

For example, a tax imposed by State A on the use of a motor vehicle purchased in State B is complementary to the general sales tax of State A on similar items, if the latter tax applies to motor vehicles sold in State A.

Taxpayers have the option of deducting either state and local income taxes or state and local general sales taxes they paid during the tax year, but not both.

Food is taxed at 5.0 %, but dietary supplements, prepared food, and candy are taxed at the general sales tax rate.

You had the option to choose to deduct either state and local income taxes or general sales taxes.

As one of the Government's tax measures for the new fiscal year, a 12.5 % general sales tax is in effect for the purchasing of data service.

There is a 9 % hotel tax, which is added to your room charges and a general sales tax of 12.5 % which applies for all sales across the board.