Tax Cuts and Jobs Act News and In-Depth Reporting

SALT cap to hurt some CT taxpayers, while others benefit from GOP tax law

by Ana Radelat February 8, 2019 @ 4:52 pmMarch 5, 2022 @ 12:04 am

WASHINGTON — Connecticut’s accountants are bracing to deliver bad news to clients this tax season because of new federal tax overhaul.
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Money

IRS to crack down on Connecticut tax workaround

by Ana Radelat May 23, 2018 @ 2:57 pmMarch 4, 2022 @ 11:33 pm

WASHINGTON – The Internal Revenue Service and the Treasury Department said Wednesday they intend to issue regulations to rein in an attempt by Connecticut and other states to get around a new limitation on the deductibility of state and local taxes.

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