spartan7886
Familiar Member
Joined: Jan 7, 2011 14:04:22 GMT -5
Posts: 788 
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Post by spartan7886 on Jan 20, 2011 16:06:53 GMT -5
Is the sales tax deduction available for federal taxes for 2010? I'm not talking about the new car one, just the other option if you don't take state income tax. This is the first year I will be able to itemize and I live in Texas, so I don't have a state income tax to deduct. I know it was set to expire, but I never saw if it was included in the bill where they extended the Bush tax cuts.
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taxref
Junior Member
Joined: Dec 31, 2010 11:09:13 GMT -5
Posts: 220
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Post by taxref on Jan 20, 2011 19:22:36 GMT -5
Yes, the choice to deduct either state income tax or state sales tax has been included in the new tax law for 2010.
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TheOtherMe
Distinguished Associate
Joined: Dec 24, 2010 14:40:52 GMT -5
Posts: 27,163
Mini-Profile Name Color: e619e6
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Post by TheOtherMe on Jan 20, 2011 22:06:22 GMT -5
And is one of the reasons, those of us who are itemizing have to wait until February 14 to file.  |
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spartan7886
Familiar Member
Joined: Jan 7, 2011 14:04:22 GMT -5
Posts: 788
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Post by spartan7886 on Jan 21, 2011 7:58:40 GMT -5
Yay!!!
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