What is sales tax credit for 2007 income tax?

If you are itemizing deductions (on a schedule A) as opposed to taking your standard deduction you have 2 different ways to deduct taxes paid to the state you live (or work) in. For the State Income Tax Deduction you can deduct the amount of taxes paid in 2007 (any state witholding from a W2, 1099G, 1099R etc., any balance due on a state tax return that you paid in 2007 and any estimated payments you made to your state's dept of revenue). The other method is the General Sales Tax Deduction. The General Sales Tax Deduction can be calculated 2 different ways. You can either add the sales tax you have paid to any state up manually, one receipt at a time. -OR- you can use the Safe Harbor method where you multiply the days you have lived in your state (365 if all year) by the state and local sales tax rate and your income (please refer to line instructions for form 1040 for a more detailed description of this formula) to that figure you will add any sales tax paid on qualified purchases (a house, a car, big ticket items) and that will be you deduction.