- quote -

It seems to me that his _state_ taxable income is 0, but his
Federal can still be higher. (Consider someone who owns a
lot of Treasuries.)

Seth

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<davidmetzger0[at]gmail.com> wrote:

- quote -

Whichever is higher. Don't forget the new car, boat or
plane.

Jeff Berk

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davidmetzger0[at]gmail.com wrote:

- quote -

P.S. Of course, this is assuming the President signs the
bill -- which all indications are that he will.

Katie in San Diego

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davidmetzger0[at]gmail.com wrote:

- quote -

Everybody has the choice. It doesn't matter what state you
live in.

The optional sales tax deduction was extended to years
beginning before 2008 by the Tax Relief and Health Care Tax
Act of 2006.

Katie in San Diego

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davidmetzger0[at]gmail.com wrote:

- quote -

If your standard or itemized deductions already reduce your
taxable income to zero or less, an additional deduction for
sales taxes will not provide you any additional benefit or
refund.

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<davidmetzger0[at]gmail.com> wrote:

- quote -

Anyone who can itemize and for whom sales tax is more than
state & local income tax can use this deduction instead of
state & local income tax.

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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<davidmetzger0[at]gmail.com> wrote:

- quote -

It's your choice whether to deduct sales taxes or state
income taxes.

Seth

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- quote -

It's your choice of you have both.

--
Vic Roberts
Replace xxx with vdr in e-mail address.

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- quote -

It's for any state that has a sales tax. You can deduct
sales tax instead of state income tax if it works out better
for you.

Bob Sandler

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Is this only for the states who don't have Income taxes or
can I take it because I don't pay state income taxes as my
deductions make a 0 balance?

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >