Sentences with phrase «local general sales taxes»

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.

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.

'' (3) Any amount deducted from gross income under section 164 of the Code as state, local, or foreign income tax or tax, as state or local general sales tax tax, or as qualified motor vehicle tax to the extent that the taxpayer's total itemized deductions deducted under the Code for the taxable year exceed the standard deduction allowable to the taxpayer under the Code reduced by the amount the taxpayer is required to add to taxable income under subdivision (4) of this subsection.subsection (a2) of this section.»

• Real estate taxes: Line 6 • Home mortgage interest and points reported on Form 1098: Line 10 • Home mortgage interest not reported on Form 1098: Line 1 • Points not reported on Form 1098: Line 12 • Qualified mortgage insurance premiums: Line 1 • State and local general sales tax reduction: Line 7

Not exact matches

In 1964, deductible taxes were limited to state and local property (real and personal property), income, general sales, and motor fuels taxes.

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.

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.

The Community Enhancement Fund, which was created and is supported by Measure H, a half - cent local sales tax measure approved by Rancho Cordova voters in November 2014, generates approximately $ 7.2 million annually in revenues for the city's general fund.

For purposes of this section, the total General Fund calculation shall not include sales and compensating use tax revenues shared with local governments and school districts.

He says it's another hit for the local governments, which are also seeing lower sales tax collections in general, according to a recent report by the State Comptroller.

The appropriation for the Standards of Quality for Public Education (SOQ) includes amounts estimated at $ 348,900,000 the first year and $ 361,100,000 the second year from the amounts transferred to the general fund from the Public Education Standards of Quality / Local Real Estate Property Tax Relief Fund pursuant to Part 3 of this act which are derived from the 0.375 cent increase in the state sales and use tax levied pursuant to § 58.1 - 638, Code of VirginTax Relief Fund pursuant to Part 3 of this act which are derived from the 0.375 cent increase in the state sales and use tax levied pursuant to § 58.1 - 638, Code of Virgintax levied pursuant to § 58.1 - 638, Code of Virginia.

Several Vermont jurisdictions also collect local option sales taxes on meals, rooms, and other general purchases.

Discriminatory travel taxes are those imposed specifically on travel services above and beyond general sales taxes (like the ones imposed on airport car rentals to fund local projects).

Good sales associates must be versed in scheduling and planning, marketing, conflict management, applicable local and federal laws, financing, taxes, problem solving, and other skills rarely considered as part of our profession by the general public.

179 - D Energy Efficient Commercial Building Tax Provision Capital Gains Capital Gains — Carried Interests Capital Gains Exclusion on Sale of Principal Residence Denial of Interest Expense Deductibility Depreciation — General Estate Tax Reform Foreign Investment in Real Property Tax Act (FIRPTA) Immediate Write - off (Expensing) of Commercial Buildings Independent Contractor Internet Sales Tax Fairness Section 1031 Like - Kind Exchange Mortgage Debt Cancellation Relief Mortgage Interest Deduction State and Local Tax Deductions Tax Reform

In general, transfer taxes listed under § 1026.37 (g)(1) are State and local government fees on mortgages and home sales that are based on the loan amount or sales price, while recording fees are State and local government fees for recording the loan and title documents.