Reminder to Employers: Year end payroll tax forms are due in January

Reminder: Form 1099s are due either January 31st or February 28th

 

The break allowing taxpayers to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes was made “permanent” a little over a year ago. This break can be valuable to those residing in states with no or low income taxes or who purchase major items, such as a car or boat.

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