Post Profile






Californians might retain a state and local income tax deduction — but with limits

Californians still might retain their ability to deduct state and local taxes from their federal returns under the Republican overhaul — but with a catch. The total annual deduction would be capped at $10,000, which is the same level as a limited deduction for property taxes that both the House...
read more

share

Related Posts


The State and Local Tax Deduction: A Primer

Business & Finance / Taxes : Tax Foundation's Tax Policy Blog

Taxpayers who itemize deductions on their federal income tax are permitted to deduct certain taxes paid to state and local governments from their gross income for federal income tax liability purposes. The State and Local Tax Deduct...

Rep. Frelinghuysen, our lone Republican votes to end federal deductions on NJ State and local taxes

US Politics / Liberal : Blue Jersey

On your Federal income tax return for many years you have been able to deduct state and local taxes for Income Tax (or General Sales Tax) and Real Estate Taxes. In our high tax state this can easily exceed $10,000...Read more

Senate plan to scrap income and property tax deductions would be a blow to Californians

Business & Finance : Money & Co

Senate Republicans on Thursday will propose a tax overhaul that does away with deductions for all state income and property taxes, going further than the version proposed by the House and delivering a blow to residents of California...

Killing state and local tax deduction hits many Californians hard. Limiting it only affects top 1%

Business & Finance : LA Times: Business

Limiting instead of scrapping the federal income tax deduction for state and local taxes would preserve the benefit for all but the top 1% of earners, but would raise only about a quarter of the revenue for lawmakers looking to offs...

SALT Deduction May Remain with $10K Limit

US Politics / Liberal : Drudge Retort Weblog

Californians still might retain their ability to deduct state and local taxes from their federal returns under the Republican overhaul -- but with a catch. The total annual deduction would be capped at $10,000, which is the same lev...

Comments


Copyright © 2016 Regator, LLC