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Floridians can writeoff Sales Tax paid
Does anyone know if this is effective 2004 or 2005?
I got a report in December of '04 from our congressman here in Florida and it states that there is a new tax deduction for Floridians:
"Beginning this year, Florida taxpayers can treat sales tax payments as an itemized deduction for federal income tax purposes.
Now, a taxpayer can deduct:
(1) the amount of sales tax paid as demonstrated by receipts or
(2) a standard sales tax deduction (based on the taxpayer's number of dependents and adjusted gross taxable income) found in an IRS-provided table plus sales tax paid on the purchase of boats or motor vehicles."
Just a little info for anyone who hasn't seen this...
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