Hence we perceive that the clause which declares the supremacy of the laws of the Union, like the one we have just before considered, only declares a truth, which flows immediately and necessarily from the institution of a federal government.
More immediately, taxpayers in high-tax states are rushing to see whether they can seek extra relief ahead of a new cap on the state and local tax deduction that will go into effect on Jan. 1. Taxpayers will get to deduct only up to $10,000 in both property and income or sales taxes going forward, and GOP negotiators specifically banned people from prepaying 2018 income taxes this year for an extra tax break.
The sales tax deduction choice is usually made by residents of states that charge sales taxes, but donât impose broad-based income taxes: Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming. The new deduction for sales taxes on a new car does not affect the 2008 tax return youâre working on now. It applies for 2009 purchases only and will save you money when you file your 2009 return in 2010.