…that the federal tax law allows individuals to include either state and local income taxes OR state and local sales taxes in their itemized deductions?
This means that if you do not pay state and local income taxes, you should always include the sales taxes you’ve paid during the year when you itemize.
Didn’t save all your receipts showing sales taxes paid? No problem! Just use the Sales Tax Deduction Calculator on the IRS.gov website. It’s easy!
Do you know where your money is going?
If not, hire a bookkeeper!
Bookkeepers help businesses and individuals track cash flow by documenting all income and expenses.
Why is this important?
Accurate records are important in making smart financial decisions, as well as preparing annual tax returns.
Let someone who LOVES the challenge of finding a missing penny in a bank reconciliation take over for you… and you can spend time growing your business (or just having fun)!
Holly Evans, Bookkeeper
mailto:holly@hollyevansbookkeeper.com
512-680-6026
Bookkeepers help businesses and individuals track cash flow by documenting all income and expenses.
Why is this important?
Accurate records are important in making smart financial decisions, as well as preparing annual tax returns.
Let someone who LOVES the challenge of finding a missing penny in a bank reconciliation take over for you… and you can spend time growing your business (or just having fun)!
Holly Evans, Bookkeeper
mailto:holly@hollyevansbookkeeper.com
512-680-6026
