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Instead of using your actual expenses, you can use the 2023 Optional State Sales Tax Table and the 2023 Optional Local Sales Tax Tables at the end of these instructions to figure your state and local general sales tax deduction.
1) Enter the state general sales taxes from the 2023 Optional State Sales Tax Table. Note: If, for all of 2023, taxpayer lived only in Connecticut, the District of Columbia, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Jersey, or Rhode Island, skip lines 2 through 5, enter -0- on line 6 and . go to line 7.
In the Itemized Deductions section of TaxAct, you can enter the state and the number of days you lived in that state. TaxAct will then calculate the state general sales tax based on the optional state sales tax and local sales tax tables in the IRS Instructions for Schedule A.
Calculate the amount of state and local general sales tax you can deduct when you itemize on your tax return. Enter your filing status, income, dependents, ZIP code and large purchases to get your estimated deduction.
Find out the average combined state and local sales tax rates for each state as of January 1, 2023. See the highest and lowest rates, the changes since July 2022, and the impact of local taxes on consumers.
Taxpayers can utilize two tables to calculate their alternative sales tax deduction. Using your income and the number of exemptions you are claiming on your Federal return you obtain the first part of the deduction from the 2024 Optional State & Certain Local Sales Tax Table.
Many states allow municipal governments to collect local-option sales taxes. For quick reference, this table includes the minimum and maximum local tax rates that occur within each state, as well as the sum of the state sales tax rate + the average local option sales tax rate.
This report provides a population-weighted average of local sales taxes as of July 1, 2023, to give a sense of the average local rate for each state. Table 1 provides a full state-by-state listing of state and local sales tax rates. Combined Rates. Five states forego statewide sales taxes: Alaska, Delaware, Montana, New Hampshire, and Oregon ...
Depending on where you live, the TaxAct program might ask what your locality is when you claim your State and Local General Sales Tax Deduction (if you need help accessing the sales tax section of the TaxAct program, go to our Sales Tax - Entering in the Program FAQ):
State and Local General Sales Taxes. If you elect to deduct state and local general sales taxes instead of income taxes, you must check the box on line 5a. To figure your state and local general sales tax deduction, you can use either your actual expenses or the optional sales tax tables. Actual Expenses