Taxpayers are permitted an itemized deduction for the lesser of state income taxes paid or state sales taxes paid.

Name: Taxpayers are permitted an itemized deduction for the lesser of state income taxes paid or state sales taxes paid.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

Taxpayers have the option to deduct either state income taxes paid or state sales taxes paid, but not both. They can choose the one that provides the larger deduction.

Taxpayers Are Permitted an Itemized Deduction for the Lesser of State