states again sue irs over federal tax law

The federal rule targets any donation from an individual who has already hit the $10,000 state and local tax deduction cap. ... That person is supposed to subtract the value of that gift when claiming the charitable contribution on tax forms. . ..

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new york, new jersey pursue another battle in salt deduction war

States including Connecticut and New York have passed laws allowing residents to donate to a state-created charitable fund instead of paying property taxes. That donation could then be written off as a charitable gift on an individual’s federal taxes and get a state tax credit for..

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