I'm hearing of a new Consumer Rebate Program signed into law by President Obama on 12/18/2015 with rebate applications due 4/18/2016 for consumer purchases in 2015. Is there any validity? How do we access application?
what are the rules and where can I get an interpretation of the law
<a rel="nofollow" target="_blank" href="https://www.irs.gov/credits-deductions/individuals/deducting-sales-tax">https://www.irs.gov/credits-deductions/individuals/deducting-sales-tax</a>
I want to apply for the President's 2016 rebate plan,how do I get the required forms?
I would also like to know the answer to the above question. How do I get the required forms?
This is just a (misleading, in my view) reference to the fact that the Sales Tax deduction option for itemized returns was made permanent.
Thanks so much. I always question these programs that offer unused and underused, hard to find rebates, tax breaks etc but it's often difficult to find direct confirmation that my B S detector is accurate.
I have already done my taxes with Turbo Tax online and am not sure about whether I took advantage of this "rebate program". What do I need to do to make sure I got whatever $$ this program should have given me.
so what do you do to make sure that got the $$ this program gives me. i have already filed my taxes.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/credits-deductions/individuals/deducting-sales-tax">https://www.irs.gov/credits-deductions/individuals/deducting-sales-tax</a>
Here's what was made permanent. It's not a "Consumer Rebate Program"
"If you file a Form 1040, and itemize deductions on Schedule A, you have the option of claiming either state and local income taxes or state and local sales taxes (you can’t claim both). If you saved your receipts throughout the year, you can add up the total amount of sales taxes you actually paid and claim that amount."
https://www.irs.gov/Individuals/Sales-Tax-Deduction-Calculator
In 2015 a change to the rules was made permanent. The sales tax deduction is particularly welcomed by taxpayers in states that do not collect income taxes but do levy state sales taxes:http://www.bankrate.com/finance/taxes/take-advantage-of-the-sales-tax-deduction-1.aspx
<a rel="nofollow" target="_blank" href="https://www.irs.gov/credits-deductions/individuals/deducting-sales-tax">https://www.irs.gov/credits-deductions/individuals/deducting-sales-tax</a>