TITLE

IRS adds tax tables to Web site

PUB. DATE
January 2005
SOURCE
Hudson Valley Business Journal;1/10/2005, Vol. 16 Issue 1, p19
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the tax law that authorizes optional deduction for state and local sales tax instead of state and local income tax was enacted too late in the year to include in the U.S. Internal Revenue Service (IRS) tax instruction booklets. The TRS Publication 600, Optional State Sales Tax Tables has been added to the IRS Web site, www.irs.gov. The IRS also will send Publication 600 to all taxpayers who get a Form 1040 tax package. The American Jobs Creation Act of 2004 authorized the sales tax deduction as an option for those who itemize deductions, letting them choose between deductions for state and local income or sales taxes.
ACCESSION #
15652005

 

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