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Definitive-End-to-SALT-Workarounds-Could-Challenge-State-Tax-PreparersIn 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 to avoid the new federal limit on state and local tax (SALT) deductions. But it may wind up having some collateral consequences for other states

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Posted By Heather Morales

How-the-Tax-Cuts-and-Jobs-Act-Will-Impact-State-TaxesNearly 90 percent of the 41 states that collect income taxes connect these state tax laws to various provisions in the federal tax code. Find out the way to recognize the various ways in which their state’s tax laws borrow from (or piggyback onto) the federal tax code.

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Posted By Heather Morales

The-US-Treasury-Response-to-State-SALT-WorkaroundsThe Tax Cuts and Jobs Act made some serious changes to the way taxpayers can deduct state and local taxes (SALT). This article dives into how the states and the IRS are responding to these changes.

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Posted By Heather Morales

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