The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: TaxPlanCalculator Date:  12/18/2017  2:38 PM
Author:  aj485 Number:  126635 of 131280

It might just take the state rate which is 6.5% and not add in the local rate.

No, it overestimated my deduction for sales tax significantly, not underestimated it. But even if it defaulted to the highest rate in the state, which is 10.4%, vs. my local rate of 8.4%, there's still something else messed up because it more than doubled the sales tax it said I was allowed to deduct.

Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us