Sunday, January 16, 2011

Tax Myth #13 - Sales Tax Deduction

Can't I deduct the sales tax I paid for my new car?

Nope. Up until 2009, you had the option of deducting a standard amount of sales tax or the state income taxes you paid. This is no longer the case. Sales taxes are no longer deductible. Bummer....

As always, please call (949) 683-8111 or email us at info@southcountycpa.com if you have any questions. We are here to help.

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