tcja caps deduction at $10,000.
by barry j. friedman, cpa
industrynewsletters
the irs is taking a look at the deductibility of state and local tax payments for federal income tax purposes in the wake of tax reform. so what’s happening with this complicated issue?
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the irs will be addressing the deductibility of state and local tax payments for federal income tax purposes. it’s a reminder that federal law controls payments for federal income tax purposes no matter how state law wants to view things.
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