Summary
Washingtonians who itemize their 2007 tax returns have one more chance to deduct sales tax from their federal tax returns. But it's anybody's guess what happens this year in Congress when the deduction is up for renewal for 2008 tax returns.
The political fact of life is that there isn't much of a built- in constituency to ensure that the deduction be made permanent. Current law allows Washington and seven other states to deduct state and local sales taxes from their federal income taxes.See the full content of this document
Extract
Sales Tax Deduction Should Be Permanent
Before 1986, taxpayers who itemized deductions were permitted to subtract most state and local ...
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