A client sent me a scammy advertisement that read, in part:
URGENT for Anyone Who Bought ANYTHING in 2016:
Congress Passes $42.4 BILLION “Consumer Rebate Program”!
119 Million Taxpaying Americans Can Now Get a Cash Rebate on
Virtually EVERY SINGLE PURCHASE Made in 2016…
But You Must Act Between January 1 and April 17 to Collect
The advertisement refers to to this real part of the tax law: https://www.irs.gov/individuals/sales-tax-deduction-calculator
Most people, if they itemize expenses at all (fewer than half of all taxpayers do), deduct income taxes paid and not sales taxes paid as discussed in this article. Very few people pay more sales tax than state and local income tax.
Leave a Reply