Tag Archive for: tax_news

SALT Deduction – Battle Lines Have Been Set and Swords Have Been Drawn

, ,
Article Highlights: • SALT Tax Limits • State Work-arounds • Converting Tax Deductions to Charitable Contributions • IRS Regulations • Taxpayer Beware  Tax reform has limited the federal itemized deduction for state…
cpa, business advisors, portland, oregon

States Sue U.S. to Void $10,000 Cap on State and Local Tax Deduction

, ,
Four states – New York, Connecticut, Maryland and New Jersey – have sued the federal government to void the tax-reform cap on the federal itemized deduction for state and local taxes, contending that limiting the deduction is unconstitutional.…