Senator Cantwell
Announces 2004 IRS Sales Tax Deduction Tables
Tables allow Washington taxpayers to determine size of sales tax
deduction for 2004
SEATTLE, WA – U.S. Senator Maria Cantwell (D-WA) announced the 2004 IRS
sales tax deduction tables, allowing Washington state taxpayers to
determine the size of their tax deduction from the new state sales tax
deduction passed by Congress in October. The tables are available online
at
http://www.irs.gov/pub/irs-pdf/p600.pdf. Senator Cantwell was the
lead Senate Democratic sponsor of the legislation.
“With this new tax cut, Washington state taxpayers can again deduct
state and local sales taxes from their federal income taxes,” Cantwell
said. “These new tables will help each family in Washington State to see
how much they will save from the new state sales tax deduction next
April. I was proud to help push this legislation through the Senate and
am looking forward to the fight to make this tax cut permanent.”
In addition to the table taxpayers will be able to deduct sales tax paid
on certain items specified by the IRS, including motor vehicles, motor
vehicle lease payments, boats, and home building materials. Sales tax
paid on these big-ticket items can be deducted in addition the amounts
specified in the table.
The table allows families to determine the amount of their deduction on
Form 1040 Schedule A line 5. For example, a family of four earning
$40,000 annually would be able to deduct $808.
