IRS Warns States Not to Circumvent State and Local Tax Cap

in #news6 years ago (edited)

The I.R.S. warned states like New York that efforts to circumvent the $10,000 cap on the state and local tax deduction would not pass muster with the federal government.
ref:https://www.nytimes.com/2018/05/23/us/politics/irs-state-and-local-tax-deductions.html

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