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Annual Changes in Optional Sales Tax Tables - Sch A deductions
Posted: Thu Jul 15, 2021 3:45 am
by CarmeloLabadie
I'm looking for some rationale for how the sales tax tables change year over year. Have a Texas client.., income in the $300k+ range with 3 family members. In 2018, the state deduction was $2,291. In 2019 it increased to $2,399 but for 2020 it drops to $2,187. The movement varies across different income brackets.
Re: Annual Changes in Optional Sales Tax Tables - Sch A deductions
Posted: Thu Jul 15, 2021 4:19 pm
by NeilZ
CarmeloLabadie wrote: ↑Thu Jul 15, 2021 3:45 am
I'm looking for some rationale for how the sales tax tables change year over year. Have a Texas client.., income in the $300k+ range with 3 family members. In 2018, the state deduction was $2,291. In 2019 it increased to $2,399 but for 2020 it drops to $2,187. The movement varies across different income brackets.
Sales tax tables ?? That has nothing to do with Powerchurch. It only works with income tax tables, and they change if the state changes their requirements for withholding.