Sales Tax Deduction For 2025

Sales Tax Deduction For 2025. By kate schubel last updated 29 november 24. However, you might also be better off deducting sales taxes instead of income taxes if you make large purchases during the year and your total sales tax payments exceed.

Here’s how the sales tax deduction works, how to calculate what to write off, and how to evaluate your options so you can maximize savings and cut your tax bill. As mentioned, the salt deduction cap is set to expire at the end of 2025, along with many other provisions of the tcja, setting up a major tax battle on capitol hill after the.