A guide to state sales tax deduction

​The U.S Treasury Inspector General for Tax Administration can be over 2 million taxpayer on their federal income taxes. This nearly workout $4billion could missed in each year. You need to file as well as eligibility rules and provide several illustrate on the potential impact of the tax deduction. You are living in a state cannot charge in a state income tax and carefully consider the eligible deductions the sales tax that pay in each year. Currently, seven states are not collecting state income tax such as Florida, Nevada, Alaska, Washington, South Dakota, Texas and Wyoming. In addition to New Hampshire and Tennessee can only collect the income taxes on interest income and dividends. On the downside state of Alaska, New Hampshire, Delware, Montana and Oregon do not have state sales tax. These two combinations of taxpayers are eligible to take a tax deduction for the state and local sales tax or state and local income tax, but not both.  This tax deduction must be eligible for itemized tax deductions using the tax form schedule A.