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Sales Tax Deduction
There is a sales tax deduction for sales tax paid on major items such as cars, trucks, airplanes, (this includes leasing of the vehicle) motor homes, mobile or pre-fab homes… and improvements to your home (think bricks and mortar, not cosmetics, not large TV’s, not fans, not appliances).. best examples are tile floor, wood floor, screen enclosure, etc….
It works like this… you deduct
- ACTUAL sales tax paid or
- table amount based on
- Income
- State
- County within the state
- Number of Exemptions
- PLUS MAJOR PURCHASES at the State rate (not including the county)
12. February 2009 at 17:56
<p><p>I’m 25 years old and thinking about buying a home. I’ve heard a lot of buzz about this “housing credit.” Is this for first time home buyers only or does anyone qualify and how much IS the credit exactly? I’ve heard everything from $3,500 - $15,000.00.</p><br />
<p>Thank you for your time.</p></p>