Posts tagged: sales tax deduction
Another volley has been launched at the temporary status of the sales tax deduction on federal income tax returns. Once again, it comes from a Washington lawmaker.
Rep. Doc Hastings, R-Pasco, filed a bill with Rep. Jeff Miller, R-Fla., Tuesday that would make permanent a sales tax deduction written into the federal tax code. Current law, solidified in last year's fiscal cliff deal, extends the deduction through next year only. Meanwhile, taxpayers enjoy the income tax deduction on a permanent basis.
Like others before him, including Sen. Maria Cantwell, D-Wash., who authored similar legislation across Capitol Hill in January, Hastings argued the issue is one of fairness for states that collect no income tax.
“Residents of states that do not collect income taxes, like my home state of Washington, should be allowed to continue to deduct their state sales taxes from their federal income tax obligations each year without relying on short term extensions of the law,” Hastings said in a prepared statement Tuesday announcing the bill.