3 Item(s)

per page
Set Ascending Direction

Definitive-End-to-SALT-Workarounds-Could-Challenge-State-Tax-Preparers

In August 2018, the U.S. Department of the Treasury proposed a rule limiting the types of charitable contributions taxpayers are permitted to deduct on their federal income tax returns. This rule was a direct—and directed—response to tax laws recently enacted by high-tax states like New York and New Jersey in an effort...

Read More
Posted By Heather Morales

How-the-Tax-Cuts-and-Jobs-Act-Will-Impact-State-Taxes

Nearly 90 percent of the 41 states that collect income taxes connect these state tax laws to various provisions in the federal tax code. Whether it’s using a taxpayer’s federal adjusted gross income as a starting point for state tax calculations or transferring certain exemptions or deductions to one’s state return, th...

Read More
Posted By Heather Morales

The-US-Treasury-Response-to-State-SALT-Workarounds

The U.S. Treasury's Response to State SALT Workarounds

The Tax Cuts and Jobs Act—which made some serious changes to the way taxpayers can deduct state and local taxes (SALT)—continues to make waves among high-tax states like New York, Connecticut, and Illinois.

Although some of these states have already passed workaround...

Read More
Posted By Heather Morales

3 Item(s)

per page
Set Ascending Direction