State and Local Taxes
Latest News
House Tax-Exempt Crackdown Bill Passes Despite Democrat Defections
Retailers Tell Senate Credit Card ‘Swipe’ Fees are ‘Adding Inflationary Pressure to the U.S. Economy’
The Top Toys and Gifts for the 2025 Christmas and Holiday Season
PCAOB Rule Change Creates Procedure to Revoke Delinquent Firms’ Registrations
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.
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.
Supreme Court Won’t Take Up Washington Capital Gains Tax Challenge
Opponents had argued it was a tax on income, and thus barred by Washington's state constitution.
Chief Tax Writers Working to Broaden Appeal of Tentative $70 Billion Package
Concerns from lawmakers run the gamut about what's in the emerging tax pact—and what's been left out.
Colorado’s TABOR Refunds Won’t Be Taxed By the IRS
According to two elected officials, Coloradans won't have to pay federal income taxes on their state refunds this filing season.