South Dakota State Tax Deductions - 2012, 2013
2013 South Dakota Income Tax Deductions
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South Dakota Standard Deduction |
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South Dakota Personal Exemption |
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South Dakota Dependent Deduction |
South Dakota income tax deductions are above-the-line expenses that can be deducted from your gross income before you calculate your taxable income.
By carefully choosing your deductions in order to minimize your taxable income, you can ensure that you get the largest possible refund when you file your South Dakota and Federal income taxes.
South Dakota does not support all of the deductions that are allowed on your Federal income tax return, so be sure to double-check any deductions or tax credits you want to claim on your South Dakota return. Some states specifically eliminate deductions to reduce the complexity of their tax system. For more information about the South Dakota income tax, see the main South Dakota income tax page.
South Dakota Standard Deduction
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Unlike many other states, South Dakota has no standard deduction. Certain itemized deductions (including property tax, qualified charitable contributions, etc) may be allowed depending on the income level and filing type of the taxpayer. Keep in mind that not all deductions allowed on your federal income tax return are necessarily going to be allowed on your South Dakota income tax return.
South Dakota Personal Exemption
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South Dakota has no personal exemption. The Federal Income Tax, however, does allow a personal exemption to be deducted from your gross income if you are resposnible for supporting yourself financially.
South Dakota Dependent Deduction
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Unlike most states, South Dakota does not have a dependent deduction. You can, however, claim dependent deductions on your Federal Tax Return.
South Dakota Itemized Deductions
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South Dakota does not allow deductions to be itemized by any taxpayer. While you cannot use any of your Federal itemizations in South Dakota, there may be state-specific credits or deductions that parallel some of your deferal itemized deductions.
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Visit the South Dakota income tax page for details on South Dakota's income tax. If you would like to learn about the income tax in other states, visit our listing of income taxes by state.
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References
- Before information on the 2013 South Dakota income tax deductions are released, provisional 2013 deduction information is based on South Dakota's 2012 tax deduction policy.
- The 2013 South Dakota standard deductions, personal exemptions, and dependent deduction amounts are sourced from the South Dakota Department of Revenue .
- Information on South Dakota's itemized deduction policy is updated from the South Dakota Department of Revenue and the Internal Revenue Service.
