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Oh no! Sales tax not deductible in 2014

Discussion in 'Model S' started by GuyHall, Mar 16, 2014.

  1. GuyHall

    GuyHall Member

    Joined:
    Jan 16, 2014
    Messages:
    148
    Location:
    Granite Bay, CA
    major bummer! Just finished doing our 2013 taxes with our tax guy and I mentioned that we are getting a model s soon. As such, I expected that we can deduct the sales tax instead of state income tax on our federal 2014 tax form. Unfortunately, our tax guy said that currently they are not renewing the option of deducting sales tax instead of income tax. However the year is not finished and legislature may still renew it, but as of now it is not an option. Has anybody else heard about this, or heard something different.?
     
  2. jerry33

    jerry33 S85 - VIN:P05130 - 3/2/13

    Joined:
    Mar 8, 2012
    Messages:
    12,763
    Location:
    Texas
    That's what I've heard as well.
     

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