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Some of the most contested pieces of the 2017 tax overhaul are being revisited as the White House and Congress begin to discuss another round of economic stimulus, including restoring the break for entertaining business clients and lifting the cap on state and local deductions.April 2
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One possible move is getting rid of the limit on state and local tax deductions, or SALT, that was part of the 2017 tax overhaul.March 31
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Democratic presidential candidate Pete Buttigieg took on one of the most fraught tax issues in Democratic politics, proposing that the $10,000 cap on state and local tax deductions be lifted.February 25
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Making them pay; immigrants and filing; 12 days; and other highlights from our favorite tax bloggers.February 4
Freelance writer
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New Jersey Governor Phil Murphy signed legislation Monday giving small businesses in the Garden State a workaround for the $10,000 cap on state and local tax deductions under the Tax Cuts and Jobs Act.January 13
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To help individuals and businesses prepare for filing season, Grant Thornton has released a collection of year-end tax tips.December 17
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Legislation that would provide big deductions for taxpayers with high state and local tax bills is gathering momentum in the House this week, but it’s headed into a brick wall in the Senate.December 12
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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 they’ll likely need to renew their efforts in 2020 — or beyond — because the legislation has no chance of becoming law this year.December 10
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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 local taxes, known as SALT, after a judge dismissed the case.November 26
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Moving to a lower-tax state is more attractive than ever in light of the TCJA's $10,000 cap on state tax deductions.November 20
PrincipalPKF O'Connor Davies LLP
