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Politicians from New York, New Jersey and other high-tax states may be making a lot of noise, but the new $10,000 limit on deductions for state and local taxes, or SALT, isn’t going anywhere any time soon.
March 8
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Some of the states that are paying the highest amounts in federal taxes are also the ones that will be hurt the most by the $10,000 limit on the SALT deduction.
March 7
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It took Nina Olson three attempts to figure out her own withholding.
March 7
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The Treasury and the service are seeking public comments on the proposal.
March 5
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New tax incentives might not be enough to convince Corporate America to expand its U.S. operations beyond what it was already planning.
March 5
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Education Secretary Betsy DeVos is riding to the rescue of a private-school tax break that was ensnared in a bitter fight between the Treasury Department and Democratic states that sought to circumvent caps on state and local deductions under the Trump tax overhaul.
March 5
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The government shutdown and the Tax Cuts and Jobs Act will continue to cause friction throughout tax season.
March 5
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Tax pros share the things they overlooked or wish they'd done differently this year.
March 5
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On the whole, the final regs follow earlier proposals, with some changes to address taxpayer concerns.
March 4
Wolters Kluwer Tax & Accounting -
By setting a $10,000 cap on how much Americans can deduct in state and local taxes Washington created a pricey problem for the privileged in some parts of the country. But even before the law, there were rich people in blue states trying this strategy. Here are a few of the more colorful examples of litigation between wealthy residents who claimed to have moved and jilted states that didn’t quite believe them.
March 4
