Monday, October 14, 2013

Can I use my year end credit card statement to calculate sales tax deduction?

I did not save all of my individual receipts but my year end credit card statements shows all of my purchases. Can I use the information from that to   calculate my sales tax deduction? I believe I have paid much more in sales tax than the standard deduction gives you.
    It would be almost impossible to do.See the Schedule A instructions from the IRS here:

    They include the following regarding sales taxes:  "Caution.  You must keep your actual receipts showing general sales taxes paid to use this method."

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