We live in Texas, one of only seven or so out of the 50 states without a personal income tax. (We pay through the nose in sales taxes and property taxes, but that’s for another course…) Briefly describe what state & local taxes we can de-duct on Schedule A, and subject to what limitations.

We live in Texas, one of only seven or so out of the 50 states without a personal income tax. (We pay through the nose in sales taxes and property taxes, but that’s for another course…) Briefly describe what state & local taxes we can de-duct on Schedule A, and subject to what limitations.

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter1: Introductin To Taxation

Section: Chapter Questions

Problem 11P

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