state 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?