State policy makers will be left to their own legislative fixes to provide taxpayers with relief from a $10,000 cap on state and local tax deductions now that the Supreme Court has shut the door on legal challenges and there is no imminent remedy from Congress.
More than 20 states led by Democrats and Republicans have already seized on a blessing by the Internal Revenue Service last November for pass-through entity taxes as workarounds for the federal SALT deduction cap imposed in the 2017 tax law.
That number is expected to climb after Monday’s Supreme Court decision to decline a ...
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