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Mar 29, 2008 7:41 am US/Eastern

Sales Deductions Available On Your Tax Returns

Click Here For More Info On Your Taxes

MIAMI (CBS4) ― Florida taxpayers are entitled to a sales tax deduction in what the IRS considers "big ticket" items recently purchased, and it may be the last year to take advantage of it, because it's set to expire.

Mike Dobzinski of the Internal Revenue Service told CBS4 Consumer Reporter Al Sunshine, "You can still take a deduction for sales tax, and that's unique to Floridians because we don't pay a state income tax - so if you want to itemize deductions, you want to take advantage of that."

This would also include college-aged dependent credit, energy-saving improvements like new windows, and there are tax credits for hybrid motor vehicles.

Something also new this year for homeowners is a deduction on mortgage insurance premiums, which are often added to mortgages to cover a loan in case one dies.

"Not homeowners' insurance premiums but mortgage insurance premiums," added Dobzinksi. "You can take a deduction for those on your '07 return. That's new for this year."

Tomorrow is "Super-Saturday" when the IRS will be opening around the state with free taxpayer help.

Some South Florida Locations:

IRS
Miami (Claude Pepper Federal Bldg) 9am-3pm
51 S.W. First Ave.
33130

IRS
Plantation (Ftl HQ-IRS Bldg) 9am-3pm
7850 S.W. Sixth Ct.
33324

IRS West Palm Beach (Sun Trust Center) 9am-3pm
1700 Palm Beach Lakes Blvd.
33401

IRS Sweetwater (Canosa Youth Center) 10am-2pm
250 SW 114th Ave.
33174

Campaign 08

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