Save all of your sales receipts for 1 month. At the end of the month calculate the
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Save all of your sales receipts for 1 month. At the end of the month calculate the total sales tax paid and annualize the amount by multiplying it by 12. Compare this amount to your total state income tax withheld or paid for the previous year. If everything remained the same and you were able to itemize deductions on your federal taxes, would you be better off itemizing your state income tax or sales tax?
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