income tax

Dis-Union: States' Workarounds for the $10,000 Limit on the State and Local Tax Deduction

Dis-Union: States' Workarounds for the $10,000 Limit on the State and Local Tax Deduction

The 2017 tax law Tax Cut and Jobs Act (TCJA) allows individual tax payers a detailed deduction for state and local income, real property and personal property taxes. For tax years from 2018 through 2025, the TCJA under its sub section, disallows individual tax payers from subtracting more than $10,000 in state and local taxes.

Something More Important Than Lower Real Estate Costs

Would high state taxes be enough to make you move? Or do the quality of your life and breadth of opportunity mean more than mere taxes?

Quit Your Whining

This year’s 4/15 deadline has been extended to 7/15, but the general feeling of dread is still the same. By all rights, “Tax Day” ought to be one of our favorite holidays, like “Christmas in April” without the carols, the hype, or the eggnog.

NFL Playoffs: Blue States Versus Red

NFL Playoffs: Blue States Versus Red

Now, if you’re like most people, you’re wondering why we’re polluting your NFL news with red state and blue state political references. You wouldn’t think politics matter on the gridiron! Unfortunately they do, now even more than before, thanks to the Tax Cuts and Jobs Act of 2017.