Tax Deduction on Sales Tax - December 3rd, 2007
This year, you can benefit from doing your own taxes and save some money. The Internal Revenue Service announced it is extending the provision of the 2004 American Jobs Creation Bill through 2007. The Act gives individual taxpayers, who itemize deductions when they file their taxes, the ability to deduct their state and local sales tax or income tax. If you live in one of the states that do not have income tax, you can still deduct your state sales tax.
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