Tag: local tax

Tax Code, Regulations and Guidance

Repeal of State-Tax Deduction Cap Pitched for Covid-19 Relief Bill

January 29, 2021

Via: The Wall Street Journal

WASHINGTON—Lawmakers from New York and New Jersey, looking to capitalize on new Democratic majorities in Congress, are trying to repeal the $10,000 cap on the state and local tax deduction as part of a pandemic-relief bill. But the Biden administration […]