federal tax code

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CT will use ammo from ‘red’ states to fight IRS over tax plan

WASHINGTON — Connecticut’s bid to do an end run around the limits on the deductibility of state and local taxes under the new federal law is likely to engender a new clash with the Trump administration, but it’s also based on precedent and law. Continue Reading →

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Trump tax overhaul would affect most CT taxpayers

WASHINGTON — The new tax plan released by the Trump administration Wednesday, would slash taxes for corporations and eliminate the estate tax, double the standard deduction and reduce the number of tax brackets from seven to three. If ever implemented, it would affect most Connecticut taxpayers. Continue Reading →

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