Remember when California, New York, Connecticut, Maryland, and New Jersey moved to counteract the GOP’s 2017 tax law, claiming the bill unfairly targets states that are primarily left-leaning?
Well, the IRS and the Treasury Department this week rolled out a counter-counterattack. Their new rule that “targets legislation in those states that would allow taxpayers to claim a charitable deduction for state and local tax payments above the $10,000 limit set in the tax cuts passed by Congress last year,” the Los Angeles Times reports.
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