Sunday, February 05, 2012

California asks homeowners to stop deducting some taxes

The San Francisco Chronicle reports:
The California Franchise Tax Board is leaning on taxpayers and tax preparers to start complying with a widely ignored law that prevents property owners from deducting certain real estate taxes on their income tax returns.

Many tax preparers are telling clients about the law and asking to see their property tax bills for the first time this year so they can determine which charges can and cannot be deducted.

Another great moment in Blue America!