Understanding the SALT Deduction and PTE Tax Elections
Prior to the Tax Cuts and Jobs Act (TCJA) in 2017, generally there was no limit to the amount of
Prior to the Tax Cuts and Jobs Act (TCJA) in 2017, generally there was no limit to the amount of
Though the U.S. House of Representatives continues to work through the ongoing impeachment proceedings, the Chamber has apparently found time
One of the most controversial provisions of the Tax Cuts and Jobs Act, enacted in December, 2017, was the cap
Historically, individual taxpayers have been allowed an itemized income tax deduction for one hundred (100) percent of all state and
As has been discussed frequently in our posts, the Tax Cuts and Jobs Act of 2017 limited the amount of
The U.S. Department of the Treasury and the Internal Revenue Service issued Notice 2018-54 advising taxpayers that proposed regulations will
Continuing with the unofficial game show theme of CPE Day, GYF’s Mike Weber and Rebekah Flanders tied their presentation to
Many states throughout the United States have implemented what are referred to as “pass-through entity tax elections” (PTET elections), since
A recent post discussed how many states are providing options for pass-through entities (S corporations, partnerships, or LLCs treated as
With the end of 2022 coming closer and closer every day, you can help reduce your taxable income during the
A remnant of the original Build Back Better Plan, the Inflation Reduction Act of 2022 (IRA) was signed into law
On April 28, 2021, President Joe Biden presented his American Families Plan to a joint session of Congress. In his
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