Washington Post |
New Treasury proposal would block state Democrats' attempts to weaken GOP tax law
Washington Post The Treasury Department moved Thursday to prevent states from allowing taxpayers to circumvent the GOP tax law's new cap on state and local tax deductions. The law passed last fall limited the deduction taxpayers can take on their state and local taxes. IRS moves to block California and other states from helping residents avoid new tax-deduction limit New Treasury rule won't allow SALT deduction workarounds Treasury, IRS move to block blue state workarounds on tax caps |
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