Tax reform put the screws to your state and local income tax deductions. Many states disliked that and have been putting together workarounds.
But now the IRS is creating regulations to put the kibosh on your state’s creative plans.
In the absence of federal lawmakers changing their minds, your federal deductions for state income taxes face that $10,000 ceiling.
But you have planning opportunities to make more of your property taxes deductible by
If you are being hurt by the $10,000 ceiling and would like our help with making more of your property taxes deductible, please don’t hesitate to reach out to your team at Luster Tax Consulting.
We just sent you an email. Please click the link in the email to confirm your subscription!