States Help Business Owners Save Big on Federal Taxes With SALT-Cap Workarounds - The Wall Street Journal

Laws in 27 states let owners circumvent the $10,000 annual limit on state and local tax deductions in their federal tax filings, with savings likely totaling at least $10 billion.

WASHINGTONBusiness owners are likely saving more than $10 billion annually in federal taxes through state laws that circumvent the $10,000 cap on state and local tax deductions, according to a Wall S… [+434 chars]

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