IRS Issues Guidance on Whether Refunds from SALT Deduction Are Taxable
In May, we shared a brief update on how taxpayers can utilize the new State and Local Tax (SALT) deduction limits to save money. Ever since the Tax Cuts and Jobs Act lowered the deduction threshold to $10,000 per year ($5,000 for married filing separate), guidance on issues related to the SALT deduction limit has … Continued →