The state and local tax deduction cap probably isn’t going away — despite Trump’s comments

Gov. Andrew Cuomo is still salty about President Donald Trump's cap on the state and local tax deduction. One day after a federal judge threw out a suit by New York and three other states seeking to... To view the full story, click the title link......»»

Politicians in mostly Democratic high-tax areas say the new federal cap on state and local tax deductions hurts their residents. Yet the vast majority of those taxpayers never actually got the break... To view the full story, click the title link......»»

Four U.S. states sued the federal government Tuesday to void the new $10,000 cap on the federal deduction for state and local taxes, included as part of the President Donald Trump's 2017 tax overhaul......»»

Four U.S. states sued the federal government Tuesday to void the new $10,000 cap on the federal deduction for state and local taxes, included as part of the President Donald Trump's 2017 tax overhaul......»»

The Trump administration is finishing what’s expected to be a crackdown on state laws circumventing the new $10,000 federal cap on individual deductions for state and local taxes......»»

Republicans capped a popular deduction for state and local taxes to pay for the tax bill. That may have hurt some House Republicans in the midterms......»»

Republicans capped a popular deduction for state and local taxes to pay for the tax bill. That may have hurt some House Republicans in the midterms......»»

Republicans capped state and local tax ded.....»»

The State and Local Tax deduction cap is a lightning rod, pitting higher-cost, mostly blue states against those who think it represents preferential treatment. What can we expect from Washington?.....»»

For as long as Americans have paid federal income taxes, they’ve been able to subract some portion of what they paid to their state and local governments. The size and scope of this federal deduction for state and local taxes -- SALT, for short.....»»

For as long as Americans have paid federal income taxes, they’ve been able to subract some portion of what they paid to their state and local governments. The size and scope of this federal deduction for state and local taxes -- SALT, for short.....»»

For as long as Americans have paid federal income taxes, they’ve been able to subtract some portion of what they paid to their state and local governments. .....»»

The SALT Deduction Distorts The Supply & Demand Of State & Local Government.....»»

Republicans capped state and local tax deductions i.....»»

More than 1.3 million Americans have been infected with the coronavirus since the first case was confirmed in the U.S. on Jan. 21, 2020. From President Donald Trump down to state and local leaders,........»»

Iceland may consider taking a stake in Icelandair Group if the government injects funds into the airline, Bloomberg reported, citing comments by Prime Minister Katrin Jakobsdottir to a local radio station......»»

U.S. President Donald Trump on Tuesday said discussions on additional coronavirus-related aid for state and local governments would start after Congress passes a bill funding more small business loans, hospitals and testing......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

The number of U.S. cases of the coronavirus that causes COVID-19 moved closer to 800,000 on Monday, as President Donald Trump offered support for protesters flouting state and local government rules on staying-at-home in an effort to contain the spread......»»

The number of U.S. cases of the coronavirus that causes COVID-19 moved closer to 800,000 on Monday, as President Donald Trump offered support for protesters flouting state and local government rules on staying-at-home in an effort to contain the spread......»»