Quote:
Originally Posted by carfansince73
As rolnslo said, that deduction is already there for some, but the only catch is you have to itemize to take advantage. So for some it may sound like they are getting a tax deduction, but they won't be able to take advantage. When they calculate their taxes, their standard deduction will be larger even with the sales tax added to their list of itemized deductions.
|
Not true. If you read the bill it says that the deduction is for everyone even if they don't itemize.