• Safi Bello

Treasury blocks blue state efforts to get around cap on state, local tax deductions

Politico --------- The Trump administration Thursday moved to knock down efforts by some blue states to get around a new limit on state and local tax deductions. The administration says the new rules will prevent people from ducking the $10,000 cap by construing tax payments as charitable contributions, which are not subject to the cap. The move is sure to be denounced by Democrats, and the issue is likely to end up in court. To learn more click on the picture below to read the article.

Treasury blocks blue state efforts to get around cap on state, local tax deductions - Read More from Politico

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