Starting with returns for 2009, filers who add real estate taxes, sales tax on vehicles or disaster losses to their standard deduction must file new Schedule L and list the extra amounts. For 2009, married nonitemizers can add up to $1,000 of property taxes paid to their standard deduction. The cap for single filers is $500. Those who purchasing a vehicle after February 16th, 2009 and before 2010 can add sales tax paid on the first $49,500 of cost to their standard deductions. And nonitemizers who live in federal disaster areas can boost their standard deductions by any casualty loses.
Thursday, September 3, 2009
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