"Oh, and you get to deduct your state and local taxes too, which means you have to get those done first, before you do your federal taxes."
Not exactly true. If you file electronically, most states require the federal to be accepted first, before they will even look at your return.
The usual method is to claim what was withheld in state and local taxes, and any [refund from/additional tax due to] the state gets [added to/subtracted from] your taxable income the following year.
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branchandroot
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Date: 2007-03-02 07:08 pm (UTC)Not exactly true. If you file electronically, most states require the federal to be accepted first, before they will even look at your return.
The usual method is to claim what was withheld in state and local taxes, and any [refund from/additional tax due to] the state gets [added to/subtracted from] your taxable income the following year.