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Tag: Fiscal cliff

Jan.
1st

Sen. Cantwell: ‘fiscal cliff’ deal includes sales-tax break for Washington taxpayers

U.S. Sen. Maria Cantwell says the “fiscal-cliff” tax bill that passed by a vote of 89-8 early this morning includes the sales-tax deduction for taxpayers in Washington and a half-dozen other states. Cantwell had said the deduction, which covers 2012 and 2013 returns, would be a top priority for her after the November election.

The tax break has previously been estimated to have a value of up to $500 million yearly to state taxpayers, who are unable to deduct state income taxes because Washington does not tax income. Cantwell said the deal should save 850,000 taxpayers who itemize their income

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