For some time, the MuniBlog has been following the change in federal tax law regarding a cap on State and Local Tax (SALT) deductions. While litigation regarding the cap is ongoing, the Internal Revenue Service (IRS) recently...more
Earlier today July 17, 2018 New York State was among four states to sue the federal government over State and Local Tax (SALT) deductions being capped at $10,000 as part of recent federal tax law changes. Joining New York in...more