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Wow - Am I alone?; Taking sales tax deductions
Topic Started: Apr 17 2007, 03:57 PM (104 Views)
kenny
HOLY CARP!!!
Since I bought that Bluethner in 2006 (and a new car) the federal sales tax deduction saves me money.
This is the first time in my life.

Anyone else taking it?

I wish I had known I was going to do this.
I'd have saved every receipt with sales tax for 365 days. :(

Oh Carp! :(



Am I alone?
Anyone else a sales tax adder?

Oh, and is anyone else a last minuter?
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George K
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Finally
I did not take the sales tax deduction this year. My accountant (well, actually, the accountant for our practice who does all of our taxes every year) runs a bunch of scenarios for each partner, seeing what would be the best for each of us:

1) Considering Sales Tax
2) Considering whether to take dependents as deduction
while considering
3) Any income these dependent may have had.

He always looks for what's cheapest for the family.

OTOH, back in the early '80's, I always claimed the sales tax deduction, based on what I purchased. I also used to claim taxes (phone, utility, etc) that I paid in addition to real estate taxes.
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