Tag Archives: Tax Cuts and Jobs Act

IRS issues notice on state and local tax deductions

The U.S. Department of the Treasury and the Internal Revenue Service have stated that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes. Notice 2018-54 also informs taxpayers that federal … Continue reading

Posted in Compliance, Government, IRS, Personal Taxes, Tax Credits, Tax Deductions, Tax Law Changes, Taxes | Tagged , , , , , , ,