Is Zakat Not Necessary If You Are Paying Taxes?
In a separate conversation on a similar topic, it was stated by the moderator that it is not just income tax that can offset Zakat obligation but other taxes too; more specifically property tax But we pay lot of other taxes too. Here is a list of some major ones that I can think of. State Income Tax Federal Income Tax City Tax Sales Tax Property Tax Vehicle/boat tax There is small amount of tax or sometimes named as fees on almost every thing.
Any taxes paid can be deducted from the total zakat obligation. Zakat on production / earnings is separate from zakat on savings / assets. Please refer to the following zakat FAQ for details: Discussion 46733 Also you can enter appropriate numbers in our Zakat Calculator after reading description for each box. When you reach the end, it will generate a statement showing you exactly what you owe after any applicable deductions, and what percentage was applied to what. It’s also a great way to learn the sharia of zakat. View Zakat Calculator