Are both New York state tax deductions and state sales tax allowed?

1 Answer

Answer :

I am not a CPA and I think this is the case about taking sales tax as a deduction on federal tax return: you can only take the state sales tax as a federal deduction if you itemize your return. also, most folks take a standard deduction on their federal return and it is more than normal sales tax deduction unless you have a significant amount of sales tax receipts. I also think there is a maximum sales tax deduction based on your adjusted gross income. please have an accountant confirm

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