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What is the Consumer Rebate Program signed into law 12/18/2015

Forum|Forum|6 years ago
June 1, 2019
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I'm hearing of a new Consumer Rebate Program signed into law by President Obama on 12/18/2015 with rebate applications due 4/18/2016 for consumer purchases in 2015. Is there any validity? How do we access application?

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Best answer by SweetieJean

This is just a (misleading, in my view) reference to the fact that the Sales Tax deduction option for itemized returns was made permanent.

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bnesbitt

Here's what was made permanent. It's not a "Consumer Rebate Program"

"If you file a Form 1040, and itemize deductions on Schedule A, you have the option of claiming either state and local income taxes or state and local sales taxes (you can’t claim both). If you saved your receipts throughout the year, you can add up the total amount of sales taxes you actually paid and claim that amount."
https://www.irs.gov/Individuals/Sales-Tax-Deduction-Calculator

In 2015 a change to the rules was made permanent. The sales tax deduction is particularly welcomed by taxpayers in states that do not collect income taxes but do levy state sales taxes:http://www.bankrate.com/finance/taxes/take-advantage-of-the-sales-tax-deduction-1.aspx