The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/starting-with-2004-all-taxpayers-in-states-that-21897762.aspx

Subject:  Re: Do you keep every receipt? Date:  1/12/2005  12:56 PM
Author:  vestaverde Number:  75477 of 121180

Starting with 2004 , all taxpayers in states that do NOT have state income tax can deduct Sales Tax including boats and vehicles. States that Do have state income tax can chose either/or but not both.

IRS Publication 600 explains it all. I think this is great!

So save ALL those receipts!


Leanne



Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us