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Quash SALT Deduction Cap Loopholes to Advance Taxpayer Equity
Newsletter article   Open access

Quash SALT Deduction Cap Loopholes to Advance Taxpayer Equity

Andrew J Leahey
Bloomberg Law Newsletter
09 Apr 2024
url
https://news.bloomberglaw.com/tax-insights-and-commentary/quash-salt-deduction-cap-loopholes-to-advance-taxpayer-equityView
Published, Version of Record (VoR)Open Access (License Unspecified) Open

Abstract

The dismissal of New York’s, New Jersey’s, and Connecticut’s challenges to the state and local tax deduction cap strikes a blow against the charitable deduction loophole, an effort that aims to circumvent the cap introduced by the Tax Cuts and Jobs Act.

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