State and local taxes you pay are deductible if you itemize on your federal income tax return. But the Tax Cuts and Jobs Act of 2017 capped the state and local tax (SALT) deduction at $10,000 for ...

While NEXUS’ valuation was under review, its owners paid taxes based on the value they believed the pipe was worth, not the state’s assigned ... include Lake Local Schools, Lake Township ...

I discussed Texas franchise tax nexus in a prior post, which can be found here. However, there is a different (albeit similar ...

Finally, the long-sought lifting of the cap on state and local tax deductions seems to have the support it needs in Congress. “I am confident we will get it done,” said Rep. Mike Lawler ...

This metric reflects total state and local tax revenues – from income taxes, sales taxes and more – as a share of personal income, based on tax revenue data from the U.S. Census Bureau’s ...

The 2017 tax reform capped at $10,000 the amount of state and local tax (SALT) payments that can be deducted from federal income taxes. Before then, the unlimited SALT deduction was an unlimited ...

An expansion of the state and local tax deduction cap would be targeted at middle-class taxpayers, not the "ultra wealthy," said New York Republican Rep. Nicole Malliotakis. New York Republican Rep.

The president-elect told Republicans from New York, New Jersey and California to come up with a plan for increasing the state and local tax deduction — a move that would benefit their constituents.