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Can I take the new sales tax deduction (in lieu of state income taxes) if I didn save my receipts for 2005?

April 26, 2017deduction income taxes lieu receipts State

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Can I take the new sales tax deduction (in lieu of state income taxes) if I didn save my receipts for 2005?

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Yes, the Internal Revenue Service has published optional state sales tax tables (Publication 600) to use instead of actual expenses if you didn’t save your receipts or don’t want to add the sales tax up for the year. This deduction will not be available in 2008.