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20 Sep

IRS Responds to States’ Workarounds on New SALT Deduction Limitations

IRS Responds to States’ Efforts to Counter SALT Deduction Limitations | Spire Group, PC Can states issue tax credits through taxpayers’ charitable contributions to offset new state and local tax (SALT) limitations under tax reform? Several states have been creative in finding ways to work around the new limitation. Specifically, the question is whether the […]

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09 Aug

Four States File Lawsuit to Nullify New Limit on SALT Deduction

Four States File Lawsuit to Nullify New Limit on SALT Deduction | Spire Group, PC As part of the Tax Cuts and Jobs Act (the Act), the limitation imposed on the state and local tax (SALT) deduction has wreaked havoc in many states. In fact, four states – Connecticut, New Jersey, New York and Maryland […]

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