Charitable contributions
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Definitive End to SALT Workarounds Could Challenge State Tax Preparers
January 10, 2019 6:58 AM
In August 2018, the U.S. Department of the Treasury proposed a rule limiting the types of charitable contributions taxpayers are permitted to deduct on their federal income tax returns. This rule was a direct—and directed—response to tax laws recently enacted by high-tax states like New York and New Jersey in an...
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