Where To Deduct(p150)

You deduct taxes on the following schedules.

These taxes are deducted on Schedule A (Form 1040), line 5, even if your only source of income is from business, rents, or royalties.

Generally, income taxes you pay to a foreign country or U.S. possession can be claimed as an itemized deduction on Schedule A (Form 1040), line 8, or as a credit against your U.S. income tax on Form 1040, line 47. To claim the credit, you may have to complete and attach Form 1116. For more information, see chapter 37, the Form 1040 instructions, or Publication 514.

These taxes are deducted on Schedule A (Form 1040), lines 6 and 8, respectively, unless they are paid on property used in your business, in which case they are deducted on Schedule C, Schedule C-EZ, or Schedule F (Form 1040). Taxes on property that produces rent or royalty income are deducted on Schedule E (Form 1040).

These taxes are deducted on Schedule A (Form 1040), line 7. To figure the amount to enter on line 7, complete the worksheet on page 2 of Schedule A (Form 1040).

If you do not itemize deductions on Schedule A (Form 1040), these taxes can increase your standard deduction. To figure the amount of your standard deduction, if you paid new motor vehicle taxes on a vehicle purchased after February 16, 2009, and before January 1, 2010, complete Schedule L (Form 1040A or 1040).

Deduct one-half of your self-employment tax on Form 1040, line 27.

All other deductible taxes are deducted on Schedule A (Form 1040), line 8.