WebSales taxes on motor vehicles are also deductible as a general sales tax if the tax rate was more than the general sales tax rate, but the tax is deductible only up to the amount of the tax that would have been imposed at the general sales tax rate. Optional general sales tax tables included in the Schedule A instructions give taxpayers a WebEnter the local general sales tax rate, but omit the percentage sign. For example, if the local general sales tax rate was 2.5%, enter 2.5. If the local general sales tax rate changed or taxpayer lived in more than one locality in the same state during 2024, see the instructions for line 3 of the worksheet on Page A-6 of the Schedule A ...

Sales Tax Deduction Calculator - General Internal …

WebYou must keep your actual receipts showing general sales taxes paid to use this method. TaxAct will use the higher of state and local income taxes, or state and local general … WebJul 13, 2024 · This article will help with entering local sales tax rates for Schedule A, Line 5 (Form 1040). Lacerte uses the tables on pages A-11 through A-13 published in the … great stuff foam white

Desktop: General Sales Tax Deduction – Support

WebState and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. ... Also, she paid $80 for state gasoline taxes for the year. Complete the taxes section of Schedule A below to report Laura's 2024 deduction for taxes assuming she chooses to deduct state and local income ... WebFor transactions occurring on and after October 1, 2015, an out-of-state seller may be required to remit sales or use tax on sales into Michigan if the seller has nexus under amendments to the General Sales Tax Act (MCL 205.52b) and Use Tax Act (MCL 205.95a). Sales and Use Tax Information for Remote Sellers. General and Specific … Motor vehicles include cars, motorcycles, motor homes, recreational vehicles, sport utility vehicles, trucks, vans, and off-road vehicles. See more If you lived in the same state for all of 2024, enter the applicable amount, based on your 2024 income and family size, from the 2024 Optional State Sales Tax Table for your state. Read … See more Locality 1 imposed a 1% local general sales tax from January 1 through September 30, 2024 (273 days). The rate increased to 1.75% for the period from October 1 through December 31, 2024 (92 days). You would … See more If you lived in more than one state during 2024, use the following steps to figure the amount to put on line 1 of the worksheet. See more If you checked the \"No\" box, enter -0- on line 2, and go to line 3. If you checked the \"Yes\" box and lived in the same locality for all of 2024, enter the applicable amount, based on your 2024 income and family size, from the … See more great stuff foam waterproof