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Tax fight: IRS may nix states workaround on deduction caps from Tax Cuts and Jobs Act

May-15-2018 - usatoday.com



The new tax law caps the deduction for state and local income taxes at $10,000. Legislators in New Jersey, New York and Connecticut have recently passed "workarounds" to allow homeowners to contribute to local charitable funds and get a federal deduction.            



Link to full content:
 
http://rssfeeds.usatoday.com/~/545948330/0/usatodaycommoney-topstories~Tax-fight-IRS-may-nix-statesapos-workaround-on-deduction-caps-from-Tax-Cuts-and-Jobs-Act/