Nebraska 10 2022-2024 Form

Instructions and help about nebraska 10 sales tax

[Music] in the past some taxpayers were able to write off tens of thousands of dollars through the state and local tax deduction while that deduction is much less generous today it's still a factor to consider when you fill out your tax return so we spoke with a tax attorney to find out more about that the state and local tax deduction also known as the salt deduction is an itemized deduction that you can take on your federal income tax return there are three types of taxes that could be counted towards the state and local tax deduction the first is state and local income taxes the second is state and local personal property and real property taxes and the third is general sales taxes now an important thing to keep in mind is that you can't claim all three when the tax cuts and JOBS Act was signed into law there was a number of tax changes one of these changes was to put a cap on the state and local tax deduction that one can claim it is capped at $10,000 so if I were trying to decide