States Sue IRS, Treasury To Strike Down SALT Cap Under New Tax Law

in life •  6 years ago 

Leaders in some states have complained about feeling targeted by deduction caps imposed on state and local taxes (SALT). Today, four states (Connecticut, Maryland, New Jersey, and New York) filed a lawsuit in federal court to strike down the cap on SALT deduc…
ref:https://www.forbes.com/sites/kellyphillipserb/2018/07/17/states-sue-irs-treasury-to-strike-down-salt-cap-under-new-tax-law/

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