State and Local Taxes
Latest News
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
New Jersey Joins IRS Direct File For 2025 Filing Season
Arizona AG Asks Federal Court to Stop IRS From Taxing Family Rebate
Calling its actions illegal, Attorney General Kris Mayes is asking a federal magistrate to block the IRS from taxing last year’s rebate.
SALT Bill Goes Down in the House, Likely Sealing Its Fate
The legislation was championed by blue-state Republicans opposed to the $10,000 state and local tax deduction cap.
Jeff Bezos Will Avoid Capital Gains Tax Thanks to His Move to Florida
The billionaire avoided Washington state's 7% capital gains tax on a recent sale of $2 billion worth of Amazon stock.
State and Local Tax (SALT) Predictions for 2024
The SALT professionals at Grant Thornton have compiled it's top predictions for what it expects to see in the coming year in this volatile space.
GOP SALT Bill on Shaky Ground After Getting Over House Rules Hump
Democrats back lifting deductions cap but argue Republican-backed legislation is an election-year gift.
Tax Relief for Fire Victims Clears Major Hurdle with House Vote
The measure was approved 357-70 by the House of Representatives as part of a bipartisan tax deal that included fire victim tax relief.
IRS Says It Won’t Change Decision to Tax Minnesota Rebate Checks
The state’s rebates didn’t fall under the category of general welfare or disaster relief, both of which can be excluded from federal taxes.
IRS Will Tax Arizona Families’ Tax Rebates
Thousands of Arizona families will need to report income from special child tax relief payments received last year.