News Today's Top Stories Tax filers should consider boat deduction
Read more news

Tax filers should consider boat deduction

Recreational boat owners who paid state sales taxes on a boat purchase, or those who secured a bank loan to finance a boat, may have tax deductions available when filing their 2008 federal income tax return. For details on the mortgage deduction, go to http://www.IRS.gov and download Publication 936 or the Fact Sheets. For state tax deduction information, download Publication 600 that also includes state-by-state tax tables.

BoatQuest