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CBSMoneyWatch: 2013 Tax Rules—These Can Save You Money

Deduction for State and Local Sales Taxes

Folks who pay little or no state income tax, but incur a large amount of state sales taxes (think about the sales tax you pay when you buy a car, etc.) can once again choose to deduct as an itemized deduction the greater of the amount they paid in state income OR sales tax. The deduction is also retroactively restored for 2012 and is extended through 2013.

(iStock)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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