Is sales tax deduction alive?

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  • MPlaks
    Junior Member
    • Jan 2006
    • 6

    #1

    Is sales tax deduction alive?

    Friends,
    Can you please set the record straight - has the sales tax deduction been officially extended? Thanks!
  • Unregistered

    #2
    Yes

    Still alive for 2005. See Pub. 17

    Comment

    • John of PA
      Senior Member
      • Jul 2005
      • 1104

      #3
      Sales Tax Deduction, yes but

      Yes the Sales Tax Deduction is still in, but it's only deductible when greater than the total state and local income tax deduction. Mostly then of help to retired persons or persons in states that have no state income tax.

      Comment

      • Bees Knees
        Senior Member
        • May 2005
        • 5456

        #4
        Originally posted by MPlaks
        Friends,
        Can you please set the record straight - has the sales tax deduction been officially extended? Thanks!
        The sales tax deduction applies for 2005, but it has not yet been extended beyond 2005. So unless Congress acts, 2005 is the last year.

        Comment

        • MPlaks
          Junior Member
          • Jan 2006
          • 6

          #5
          Thanks guys,
          I was asking about 2006-07. It seems that I read somewhere (around XMas time) that Congress did extend it for 2 more years.
          So, did or did not?

          Comment

          • Joe Btfsplk
            Senior Member
            • Dec 2005
            • 527

            #6
            Sales tax deduction

            It will probably be allowed as long as there is a Texan in the White House--or someone from another state that has no state income tax--maybe Jeb Bush from FL.

            Forget about it if John Kerry or Howard Dean get elected.

            Comment

            • Matt Sova
              Senior Member
              • Jun 2005
              • 645

              #7
              God save us

              If Kerry or Dean EVER get elected.
              I would put a favorite quote in here, but it would get me banned from the board.

              Comment

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