Tag: SALT cap
IRS affirms R.I. policy on SALT cap workaround for small-business owners
PROVIDENCE – In a year of continued uncertainty, Rhode Island small-business owners now have more surety that a state law letting them skirt the...
Trump’s SALT cap fuels a wealth exodus from high-tax states
NEW YORK – Some of the hardest evidence yet indicates that the 2017 Republican tax law is pushing money and people from high-tax states...
Democrats take final swipe at SALT cap before year’s end
WASHINGTON – House Democrats are making a last-ditch bid to reverse the $10,000 cap on state and local tax deductions before year’s end. But...
SALT cap ruling challenged on appeal by 4 eastern states
WASHINGTON Four states in the eastern U.S. will attempt to revive their lawsuit challenging the Trump administration’s cap on the deduction for state and...
Democrats find few Republican allies to dull sting of SALT tax
WASHINGTON – Democrats are staging a long-shot attempt to chip away at the Republican tax law’s limit on state and local tax deductions, finding...
SALT tax-cap challenge by New York and New Jersey is thrown...
NEW YORK – Four states in the eastern United States lost a legal challenge to a provision of the 2017 law that limited write-offs...
It’s over: States lose fight against SALT deduction cap
WASHINGTON – New York, New Jersey and Connecticut have been fighting a new cap on state and local tax deductions ever since it was...
IRS Looks for Ways to Squelch N.Y., Connecticut SALT Workarounds
NEW YORK - The Internal Revenue Service is considering issuing rules that could invalidate some of the last remaining strategies in New York and...
SALT cap will leave nearly 10.9M people feeling tax pain
NEW YORK - About 10.9 million people are losing out on one of their most prized tax breaks - the deduction for state and...
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