Only some extraordinary purchases (vehicle is one) qualify for addition to
the table values. Otherwise you can use actuals. The tradeoff here is
certainly a matter of whether you spend more or less on taxable stuff than
the tables were built assuming.

"Roy Harrill" <hooroy[at]adelphia.net> wrote in message
news:%23wH8g7v7EHA.3120[at]TK2MSFTNGP12.phx.gbl...
- quote -

A recent IRS publication (at irs.gov) provides sales tax tables you can use
instead of tracking. That way, you only would need to track sales tax on
extraordinarily large purchases.

"Laurie" <Laurie[at]discussions.microsoft.com> wrote in message
news:A3441EE8-872C-4F47-A0A7-25BEBE52CD0D[at]microsoft.com...
- quote -

I don't think classification would be the easiest way to get there, though
it could be a way. Trying to do it parametrically would be complicated even
locally since different locales charge different sales tax rates in many
states.

Beginning with TY 2004, you can deduct either sales tax or state income tax
on your schedule A.

"Graham" <Graham[at]discussions.microsoft.com> wrote in message
news:4F8FDDCF-9195-4A2E-AF87-B31AE1F4C6D1[at]microsoft.com...
- quote -

I'm not familiar with any new tax laws reguarding sales tax. Although tax
laws give me about as much heartburn as lawyers and insurance agents!

But what about using classifications to track categories that are generally
sales tax items? Granted, sales tax is different in every state so if you
travel a lot it may not work.

Graham

"Graham" wrote:

- quote -

The new tax law makes it tempting to track it--especially if you live in a
state without an income tax. Tracking personal finances in general is
tedious.

"Graham" <Graham[at]discussions.microsoft.com> wrote in message
news:B56E9C24-FE65-42B4-8726-7D54358EC1D1[at]microsoft.com...
- quote -

Don't you find it tedious to track sales tax? I would only see value in
tracking it for a business, but Money will do that automatially there.

Graham

"Laurie" wrote:

- quote -

Categorize your transactions with splits that include a Taxes:Sales Tax or
similar element. This is just one example of something that downloaded data
CANNOT do by itself.

"Laurie" <Laurie[at]discussions.microsoft.com> wrote in message
news:A3441EE8-872C-4F47-A0A7-25BEBE52CD0D[at]microsoft.com...
- quote -

What is the best/easiest way to track sales tax in Money 2005?