Your Tax Questions Answered
State Tax Credit
Kiplinger editorial director Kevin McCormally and fellow tax experts Peter Blank and Mary Beth Franklin tackle your most pressing tax challenges.
April 13, 2009
QUESTION: Can I tax the sales tax credit if I file form 1040A and on what line do I take the credit? --TD
KEVIN ANSWERS: No, you must itemize deductions -- and that means using the
full-fledged 1040 Form -- to claim the deduction for state sales taxes
paid.
That only makes sense if the sales tax deduction and all your other qualifying expenses exceed your standard deduction amount. The standard deduction on 2008 returns is $5,400 for singles and $10,900 for married couples filing joint returns.
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Reader Comments (1)
Posted by: richard morse at 02/17/2010 11:48:34 AM
my Feb 2010 Kiplingers referred me to this page but most of the referrals deal with 2008 and 2009 tax issues. Very disappointing. I "hear" the earlier property tax deduction hs been extended to 2009/10 taxes. What's up????