My Advice: Use a tax professional like me for tax planning and preparation, not Turbotax or an amateur tax preparer. Ask your CPA how much of his or her practice is taxes.
The good news. There’s a way to get a pay raise from the IRS. How?
If you want to know more, for roughly $300-500 I will use Tax Mastery© to give you written tax planning instructions covering your entire tax return and save even more. I can also forecast your taxes for 2016.
Sales tax deduction. In my experience, the IRS table sales tax figures are much too low. However, the IRS requires that you keep actual receipts, not charge statements. I can tell you how to make this easier.
If you don’t want to keep your receipts, you can use the IRS table and then add the sales tax from buying a car or boat. The big tip here is to calculate sales tax on a home improvement. To prove these, be sure to have your contractor break out the sales tax for the materials that go into your home ad improvement. It will be big.
One thing to be aware of is that the Tennessee sales tax is 7% (5.5% on nonrestaurant food). And don’t miss the Shelby County sales tax, 2.25%, 2.75% on purchases over $1,600.