by LeAnne Perkowski | Dec 3, 2018 | Melinda's blog
From Melinda May, CPA | Featherstone The Tax Cuts and Jobs Act (TCJA) of 2017 sharply raised the standard deduction and placed limits on itemized deductions. In particular, no more than $10,000 can be deducted in state and local tax (SALT) payments on a single or...
by LeAnne Perkowski | Sep 28, 2018 | Melinda's blog
From Melinda May, CPA | Featherstone Taxpayers who itemize deductions on Schedule A of their tax return have been able to deduct outlays for state and local income tax as well as property tax with no upper limit. (State and local sales tax may be deducted instead of...
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