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Economists advising Donald Trump are pushing to keep a cap on the state and local tax deduction, limiting a valuable tax break for many residents of New York, New Jersey and California.
April 18 -
SALT benefits; taxing blockchain tech; how to onboard; and other highlights from our favorite tax bloggers.
February 13 -
The Washington National Tax Office of Grant Thornton points out the most important state and local tax developments to keep an eye out for.
February 13 -
Lawmakers are trying to drum up support to allow a debate on raising the state and local tax deduction cap as bipartisan tax package negotiations leave out those proposals.
January 12 -
The former governor said he would keep the cap if elected president, declining to roll back a policy that has become a flashpoint for taxpayers in his own state of New Jersey.
July 20 -
Once primarily an issue for Democrats, GOP gains in New York have made the deduction an issue for them, too.
April 6 -
Rep. George Santos' first bill in Congress aims to boost the deduction from $10,000 to $50,000.
March 1 -
Highlights from the former president's returns for 2015 to 2020, from write-offs to the SALT deduction and more.
December 30 -
The California Small Business Relief Act established the tax credit, largely in reaction to the $10,000 limit on the state and local tax deduction under the Tax Cuts and Jobs Act.
August 26BPM LLP -
The Empire State is expanding a tax break that allows smaller companies to circumvent the $10,000 limit on state and local tax deductions.
August 19