Tax News

TCJA cuts taxes across every income level and Congressional district

The Tax Cuts and Jobs Act (TCJA) placed a $10,000 cap on state and local tax (SALT) deductions, creating angst over how the deduction cap will impact federal income tax liability. Scott Eastman with the Tax Foundation says, ironically, more, not fewer, taxpayers will be able to itemize their deductions under the new rules. Here's how