SALT Battle Lines to Watch With IRS Rules Nearing

The 2017 tax law’s limit on the state and local tax deduction has remained one of the most polarizing elements of the federal overhaul, and the IRS could soon be addressing last-ditch efforts by states to preserve the tax perk.

The Internal Revenue Service is expected to release final rules in the coming days on charitable contributions and state and local tax credits. The White House’s Office of Information and Regulation Affairs sent the package back to the Treasury Department on May 31, according to the office’s website.

The impact of the $10,000 SALT deduction cap remains ...