SALT deduction

Empire State taxpayers sent about $24 billion more to the federal government last year than they got back in spending.

Have you discovered the latest and greatest tax planning strategy? Before suggesting it to clients, consider the ever-persistent loophole cycle.

Tax pros weigh in on which aspects of the TCJA are of most concern.

The IRS has already said that it wants to shut down this kind of end run.

Hedge fund and private equity managers in Connecticut may have more to like about the state’s novel workaround for a new cap on state and local tax deductions.

House GOP leaders are forging ahead with a vote on a second phase of tax cuts this month, despite dissension from Republicans in high-tax states who say the measure would hurt their voters.

The move will permit a workaround for businesses to the $10,000 limit on state and local tax deductions in the Tax Cuts and Jobs Act.

GOP leaders may drop the effort for further tax legislation, fearing it could backfire by antagonizing voters in some hotly contested Congressional districts.

Lawmakers approved the measure this spring as a way to get around limits in the new federal tax law on state and local tax deductions.

The Internal Revenue Service and the Treasury Department are following up on their threat to forestall attempts by states to get around the $10,000 limit in the Tax Cuts and Jobs Act on deductions of state and local taxes by setting up state-run charitable contribution funds.