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2018 State and Local Sales Tax Deduction 2018, taxpayers can elect to deduct state and local sales taxes instead of state and local income taxes (see Electing to Deduct Sales Tax on Page 55). Instead
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What is state and local sales?
State and local sales refer to taxes imposed on the sale of goods and services within a particular state or locality.
Who is required to file state and local sales?
Businesses selling taxable goods or services within a state or locality are required to file state and local sales.
How to fill out state and local sales?
To fill out state and local sales, businesses must report the total sales made within the state or locality and calculate the amount of tax owed.
What is the purpose of state and local sales?
The purpose of state and local sales is to generate revenue for the state or locality to fund public services and infrastructure.
What information must be reported on state and local sales?
Businesses must report the total sales made, taxable sales, amount of tax collected, and any exemptions or deductions claimed.
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