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THE IRS is looking to eliminate the remaining loopholes related to the state and local tax deduction cap. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

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...
THE CAP ON STATE and local tax deductions is unlikely to go away anytime soon, according to lobbyists and tax policy experts. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

The SALT cap isn’t going anywhere, right and left agree

NEW YORK - Politicians from New York, New Jersey and other high-tax states may be making a lot of noise, but the new $10,000...
ROUGHLY 10.9 MILLION people are losing out deductions for state and local taxes due to the $10,000 state and local taxes deduction cap included in the 2017 tax overhaul. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

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...
U.S. HOUSE Republican lawmakers introduced legislation Monday that would make the 2017 tax cuts for individuals permanent. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Tax Cut 2.0 bill unveiled by House GOP ahead of election...

NEW YORK - House Republican lawmakers introduced legislation Monday that would make the 2017 tax cuts for individuals permanent in a bid to highlight their...
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