The new tax law has many impacts on state income taxes in 2018. The law limits the deductibility of state income taxes for federal purposes. It also raises the federal standard deduction amount. However, taxpayers should consider the impact on their state income tax of the decisions they make to minimize their federal taxes. This article examines why.
New Tax Law May Affect State Income Tax, Too!
- The Not-So Transparent Corporate Transparency Act - March 28, 2023
- Medicaid Planning: There’s a Right Way and a Wrong Way - March 23, 2023
- Preparing Your Estate Plan: What You Need to Know - March 22, 2023