7. Sales and Income Taxes
Unfortunately, the vast majority of tax filers simply forget to add state sales and income taxes on their tax returns. If you live in one of the nine U.S. states with virtually no income tax, you should calculate the taxes paid on household and personal items so you can deduct them.
If you aren’t lucky enough to live in one of those states, you have to develop a good tax strategy. First, you should think about the biggest purchases you’ve made in the tax year, like a boat or car (or both), to claim deductions.
*However, the same nine U.S. states have other hidden taxes… Find more about this topic, here!
