walkinwood
Thinks s/he gets paid by the post
In 2009, there was the option of deducting Sales Taxes instead of State/Local taxes if the former was greater. This has not yet been renewed for 2010, but I've read that it may.
For those already ER'd or Semi-ER'd, do you keep track of sales taxes and use this deduction? Does the sales tax paid exceed your state income tax?
I have just started keeping track of Sales taxes paid and find that it is quite a bit of work. I have to 'split' every transaction in Quicken & then keep the receipts for the records.
Any tips to make this easier?
Thank you.
For those already ER'd or Semi-ER'd, do you keep track of sales taxes and use this deduction? Does the sales tax paid exceed your state income tax?
I have just started keeping track of Sales taxes paid and find that it is quite a bit of work. I have to 'split' every transaction in Quicken & then keep the receipts for the records.
Any tips to make this easier?
Thank you.