Tips for Sale's Income Tax Deductions

Part of the Video Series Advice for Your Income Tax Deductions

Viewing videos requires the latest version of Adobe's Flash Player.
Get the latest Flash player.

Learn what kinds of sale's tax you can deduct from your income taxes in this free educational video on about understanding your income tax deductions.

Rating:
Views: 733
Comments: 0 (comment now)

Favorited: 0 | Add to Favorites

Tags: Finances, personal finances
Bookmark at:

All Videos in the Series, Advice for Your Income Tax Deductions

Member Comments

Video Transcript

Tips for Sale's Income Tax Deductions
Hi in this segment we're going to talk a little bit about the taxes that you can deduct in recent years it's been of interest that you can deduct the sales tax on a car you might purchase, a motor home, a boat, an airplane, and also sales tax for new construction where you have the receipts for the sales tax paid. This is wade against the state local income tax and you may deduct the greater of the two so keep a little track of that and that could help you. In addition of course you can take the real estate taxes on your house and any investment property that you might have. Don't forget your car tags quit often people forget to bring that one in they are for the most part deductible, thank you.

About the Expert

Expert: Tom Choisnet He has been in self-employed tax practice for over 40 years and he has been an enrolled agent since 1968. He has prepared over 35000 tax returns. Read More