"Sales Vs. Income Tax Deductions"

Sales Vs. Income Tax Deductions

"The break allowing taxpayers to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes was made “permanent” a little over a year ago. This break can be valuable to those residing in states with no or low-income taxes or who purchase major items, such as a car or boat."

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Source- http://www.thecpadesk.com/tax-and-accounting-desk/salesvsincometax/


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