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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 -
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 20PKF O'Connor Davies -
The president, a lifelong New Yorker, has changed his primary residence to the Sunshine State, a move that could benefit his re-election campaign — and his tax bill.
November 1 -
The Senate rejected a Democratic proposal that sought to give states leeway to help residents avoid the $10,000 limit on deductions for state and local tax payments.
October 23 -
Democrats are staging a long-shot attempt to chip away at the Republican tax law’s limit on state and local tax deductions, finding few GOP allies despite potential benefit for Republican-led states.
October 23 -
With October 15 coming up, Mark Luscombe shares top issues for extended tax returns.
October 1 -
The case brought by New York and New Jersey was brought against a provision of the Tax Cuts and Jobs Act.
September 30 -
The billionaire is planning to move his home and business to Florida to avoid New York’s higher taxes, according to people familiar with the matter.
September 13 -
New York, New Jersey and Connecticut are again suing President Donald Trump’s administration over a provision in the 2017 tax law that limited write-offs for state and local taxes.
July 17 -
Churn of the rich; the rise of AI; collection time; and other highlights from our favorite tax bloggers.
July 9