Friday, April 3, 2009

Update on Deducting State Sales Tax

Regarding my earlier blog post on keeping track of your sales tax expenditures for federal tax purposes, I read an article this morning in the Seattle Times regarding the federal deduction for state sales tax. Looks like Congress is considering making it permanent. A bill presented by Senate Majority Leader Harry Reid (D-Nev.) passed in the Senate and is now headed to the House.