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A spate of lawsuits claims that the restrictions violate states' rights to manage their finances.
October 13 -
Democrats risk settling for a less generous expansion of the state and local tax deduction than previously hoped after President Joe Biden conceded that lawmakers will have to scale back his economic agenda to get it enacted.
October 5 -
One suggested that a two-year repeal of the $10,000 cap will be the final solution.
September 28 -
Should taxes be 'indexed for geography?'
September 21The Wandering Tax Pro -
From musicians and actors to athletes and film crew, local tax laws create complexity.
September 21Engineered Tax Services -
Vertex's annual Mid-Year Report reveals the COVID-19-driven differences in the way jurisdictions are approaching rates.
September 14 -
The stumbling block is scrapping the deduction limit without losing progressives wary of a tax cut that would overwhelmingly benefit the wealthy.
September 9 -
States seek to recoup costs borne due to the COVID-19 pandemic see taxing out-of-state workers as painless.
August 30 -
The IRS has blessed at least one approach to getting around the TCJA limitation — the entity-level tax.
August 26Wolters Kluwer Tax & Accounting -
While states continue to develop their own rules and requirements, managing compliance remains an enormous challenge.
August 25Sovos