Tag Archives: Personal Taxes

Did someone drop the ball?

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With the tax season mostly done now, I noticed a problem that needed an IRS fix.

You all know by now that SALT (state, local, and property taxes) have been limited under the Tax Cut and Jobs Act to a maximum deductibility of $ 10K.  The GOP wanted to penalize those states under Democratic Party management, where SALT is usually higher, because better services are provided their citizenry.

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Personal Taxes, from 2018 until 2026

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This is a continuation of our discussion of the final versions of the House and Senate Tax Cuts and Jobs Act (sic) bill. Those are now the law of the land, PL 115-97.

Continue reading Personal Taxes, from 2018 until 2026

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