- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Sales Tax Deduction
Posted on 3/15/13 at 12:06 pm
Posted on 3/15/13 at 12:06 pm
Can I use my bank statements as proof I spent money at places like Wal Mart as proof that I paid sales tax?
2
Posted on 3/15/13 at 12:42 pm to tenderfoot tigah
Did you get audited? 
I have not filed my taxes yet 
I have not filed my taxes yet This post was edited on 3/15/13 at 12:42 pm
Posted on 3/15/13 at 2:03 pm to BACONisMEATcandy
No I did not get audited, but if I claim sales tax based on what I spent at local stores it is more than my state income tax paid.
Posted on 3/15/13 at 2:12 pm to tenderfoot tigah
Bank statements are sufficient if you ever get audited.
Not sure if you know this, but the IRS also provides a calculator to estimate sales tax without any receipts, etc. required. It is based on your income level and place of residence.
LINK
Also, you can only claim either state sales tax or state income tax. I see that you live in BR and I have very rarely seen someone's sales tax be higher than their income tax in LA. The only exception is when there is some big purchase made during the year
Not sure if you know this, but the IRS also provides a calculator to estimate sales tax without any receipts, etc. required. It is based on your income level and place of residence.
LINK
Also, you can only claim either state sales tax or state income tax. I see that you live in BR and I have very rarely seen someone's sales tax be higher than their income tax in LA. The only exception is when there is some big purchase made during the year
Posted on 3/15/13 at 2:25 pm to Spock
quote:
Also, you can only claim either state sales tax or state income tax. I see that you live in BR and I have very rarely seen someone's sales tax be higher than their income tax in LA. The only exception is when there is some big purchase made during the year
So if I bought a new car this year I may want to claim the sales tax?
Posted on 3/15/13 at 2:34 pm to BACONisMEATcandy
Definitely. That's usually the big one that bumps it above state income tax.
Posted on 3/15/13 at 4:43 pm to Spock
Bought 50k worth of vehicles this year.
6k state income tax.
6k state income tax.
This post was edited on 3/15/13 at 4:44 pm
Posted on 3/15/13 at 5:19 pm to tenderfoot tigah
quote:
Bought 50k worth of vehicles this year.
6k state income tax.
Well in that case, my suggestion is to use the IRS provided calculator and also include the sales tax for the 50k worth of vehicles.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News