Via CPAWeb
The Internal Revenue Service has announced that the sales tax deduction available to new-car purchasers this year can also be taken in states that do not have a sales tax. This deduction can be taken by all taxpayers, either as an itemized deduction or as an addition to the standard deduction. "This special tax break is available for people purchasing a new car this year, and that can include people in states without a sales tax," IRS Commissioner Doug Shulman said in a statement.
Filed under: Tax Legislation
