Californians still might retain their ability to deduct state and local taxes from their federal returns under the Republican overhaul — but with a catch. The total annual deduction would be capped at $10,000, which is the same level as a limited deduction for property taxes that both the House...
Similar Stories to Californians Might Retain A State And Local Income Tax Deduction — But With Limits on Bing News
Jim Puzzanghera, Los Angeles Times: Politics
Thu, 12/07/2017 - 5:15pm
BING NEWS:
- Kansas Gov. Laura Kelly vetoes income tax cuts over cost, risking bipartisan backlash
We must be mindful of the fiscal mistakes of the previous administration and ensure we can provide tax relief while continuing the progress we have made as a state,” Gov. Laura Kelly said.
04/24/2024 - 8:28 am | View Link - Is California really a high-tax state? New findings question that claim
Maybe California is not such a high tax state after all — at least for lower income families. “For families of modest means, California is not a high tax state,” says a new study from the Institute on ...
04/24/2024 - 5:49 am | View Link - IRS Updates Help for Low Income Taxpayers
T he Internal Revenue Service (IRS) has started accepting applications from Low Income Taxpayer Clinic (LITC) matching grants for 2025 from all qualified organizations, the agency announced on Tuesday ...
04/23/2024 - 11:40 pm | View Link - Latest income tax cuts passed by Iowa Legislature, likely to become law
Iowa lawmakers on Friday night passed a new round of state income tax cuts would save Iowa’s taxpaying workers nearly $1 billion in the first two years.
04/20/2024 - 4:10 am | View Link - Californians were hoping for two big tax breaks. Why aren’t they getting them?
Thought you might get a bigger child tax credit when you filed your federal income taxes this year? And maybe a larger deduction for state and local taxes? Forget it for now. Many members of ...
04/15/2024 - 1:16 am | View Link - More
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