tag:blogger.com,1999:blog-4020089163401348642.post4433219688818169809..comments2023-06-07T07:31:51.864-04:00Comments on Financial Diva: NC: Get your sales tax back!The Financial Divahttp://www.blogger.com/profile/06777765177341202832noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4020089163401348642.post-71904549337989139542008-09-11T20:36:00.000-04:002008-09-11T20:36:00.000-04:00As far as I can find out deducting NC sales tax is...As far as I can find out deducting NC sales tax is done on the federal income tax return as an alternative (not in addition to) to deducting NC state income tax, and is available to everyone that has either a state slaes tax or state income tax. In fact this federal deduction, whether you chose to deduct sales or income tax, must be entered back on your NC D-400 and increases your NC taxable income. See link: http://www.dornc.com/taxes/individual/deduction_salestax.html. But you may be better off overall deducting the actual sales tax paid from the federal return if it is greater than the amount of NC income tax you paid and greater than the estimated sales tax amounts from the federal 1040 instructions.The amount you have paid in sales tax so far is greater than the amount we are allowed to deduct as estimated sales tax paid based on our exemptions and income so I am going to give tracking our sales tax a shot too!Suehttps://www.blogger.com/profile/15387852086915239152noreply@blogger.com