Tag: state and local tax deductions
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...
Fitch Ratings: Tax reform may have contributed to slowing home price...
PROVIDENCE – The 2017 federal tax reform, which put a new limit on a deduction for state and local property tax and mortgage interest,...
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...
N.Y., N.J. & Conn., pursue another battle in SALT deduction war
NEW YORK – New York, New Jersey and Connecticut are again suing President Donald Trump’s administration over a provision in the 2017 tax law...
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 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...
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...