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local tax burden

Ask the taxgirl: State and Local Taxes Paid in Other Years

20 January 2009

Tweet Taxpayer asks: Can I deduct state sales tax for 2008 and deduct state income tax paid for another year (2007)?? Taxgirl says: Absolutely! There is no rule that the taxes must have been assessed in 2008 in order to take them as a deduction. Assuming that you itemize your deductions, you can deduct state [...]

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New Jersey is #1!

9 August 2008

Tweet Don’t get excited… we’re not talking about football (Favre or not, I can’t get behind the Jets**. Go Eagles!). We’re talking about tax. According to the Tax Foundation, New Jersey residents paid the highest percentage of state and local taxes. Folks from New Jersey paid a whopping 11.8% of income in state and local [...]

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