Deduction Subjects Federal Tax Revenues News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Under federal tax law, individuals may deduct the income and property taxes that they pay to their state and local governments, as well as any interest they receive from owning state or local bonds, from their total income when filing their federal taxes. In recent years, individuals have been allowed to choose between deducting their income tax or sales taxes. ....

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