Republican bill would extend SALT cap for three years
The bill from Chuck Grassley and other Senate Republicans would extend the $10,000 cap on the state and local tax deduction for federal income tax filers.
Source: bondbuyer.com
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In the blogs: High anxieties
What to change; cash flow forecasting; the sales tax paradox; and other highlights from our favorite tax bloggers.
Source: accountingtoday.com
Supreme Court Declines New York's Challenge to Trump-Era Federal Cap on State and Local Tax Deductions
The Supreme Court decided on April 18 not to hear an appeal from New York and three other ...
Source: theepochtimes.com
New bill would fully restore SALT deduction for some taxpayers
Sponsors of the Supporting American with Lower Taxes Act see it as a potential compromise on the contentious state and local tax deduction cap issue.
Source: bondbuyer.com
SALT alternative takes shape as Democrats move past Biden plan
Two House Democrats have a new plan to provide a more generous state and local tax deduction.
Source: accountingtoday.com