The sales tax deduction lets you deduct the state and local sales taxes you've paid during the year, but only if you itemize your deductions. Learn more.

Purchasing a car gets expensive fast, especially when browsing for a sports car or luxury SUV. A noticeable chunk of the cost falls under the sales tax, which you pay as soon as you register the ...

For tax years beginning in 2004 and 2005, the American Jobs Creation Act of 2004, recently passed by Congress, allows taxpayers to elect to take state and local general sales and use taxes as an ...