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Even worse -- Since State and Local income taxes are (partially) deductible on your Federal taxes -- you need to implement those rules no matter if you plan on
by mikeyouse 8y ago
Even worse -- Since State and Local income taxes are (partially) deductible on your Federal taxes -- you need to implement those rules no matter if you plan on filing State and Local returns.
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Actually now that I think about it, since the standard deduction is increased, you could catch the majority of simple returns by just assuming the standard deduction and including a few disclaimers about the option to itemize.
- toast0 8y agoThe federal deduction for state and local taxes doesn't require knowledge of local rules, just the amounts paid. If you overpay in tax year X and get a refund in tax year Y when filing your local tax return, that's covered in federal tax year Y.