One of the most controversial provisions in the #TCJA caps the annual deduction for state and local tax (SALT) payments at $10,000. But lawmakers from high-tax states haven’t thrown in the towel just yet.
Potential Tax Law Changes for the New Year - 2019
Two lawmakes have announced they will introduce a bill to restore the full SALT deduction. According to various sources, the tax shortfall would be closed by raising the 21% flat rate on corporate income.accountantvip
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