TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Friday, August 24, 2018

IRS Blocks States From Bypassing State & Local Tax Deduction Cap

https://taxprof.typepad.com/taxprof_blog/2018/08/irs-blocks-state-plans-to-bypass-state-local-tax-deduction-cap.html

IRS News, Tax | Permalink

Comments

Sorry, libs. No more subsidy for you. Better lower those taxes a bit, tho.

Posted by: Anon | Aug 24, 2018 6:35:04 AM

Doesn't the proposal also apply to states like Arizona and Georgia, where people get a tax offset/deduction for payments to private schools for their children's tuition?

Posted by: Andy Patterson | Aug 24, 2018 3:07:59 PM

Hooray!

Posted by: OldLawProf | Aug 24, 2018 5:50:34 PM

Andy, no. That is a myth. Creditable contributions may not be used to pay for the contributor's tuition payments, either directly or indirectly.

Posted by: Mike Petrik | Aug 25, 2018 2:15:20 PM