State and Local Taxes


Final SALT Rules Could Save Scholarship Fund, Parents Tell IRS

The 25,000-member National Council of Nonprofits has yet to hear whether nonprofits like the proposed rules.

Tags: SALT, Tax Reform, State and Local Taxes

Final IRS Rules Leave States Few Options for Evading the SALT Cap

This week, the IRS closed the charitable deduction loophole -- and did so in a way that charities say will have a far-reaching impact.

Tags: State and Local Taxes, State Tax Credits, SALT, Tax Reform

‘Something to Upset Everyone’ in IRS’s Final SALT Cap Regs

Reaction to the IRS’s final regulations on charitable contributions and state and local tax credits is ricocheting from one extreme to another, with the only common ground seeming to be that nearly everyone is grumbling.

Tags: Regulations, Tax Reform, State and Local Taxes, State Tax Credits

IRS Has Plan to Shut Down SALT Workarounds

Much is at stake, said David L. Thompson of the National Council of Nonprofits, adding that several arguments need to be addressed during the public comment period.

Tags: SALT, State and Local Taxes, Tax Reform

Nonprofits Respond to Release of Proposed Rules on SALT Workarounds

On the Treasury Department’s release of proposed rules regarding the so-called SALT workarounds, David L. Thompson, Vice President of Public Policy for the National Council of Nonprofits, said:

Posted In: Press Releases
Tags: SALT, State and Local Taxes, Tax Reform

California lags other high-tax states on state and local deduction workaround

But the plan also could increase contributions if a person who previously gave $200 now gives $10,000 to get a tax credit. In this case the charity would be ahead by $800.

Tags: California, SALT, State and Local Taxes, Tax Reform

Law Lets Local Governments Treat Property Taxes as Charitable Contributions

Meanwhile, other concerns about the workaround have come from the state’s nonprofit community, which is already worried that the Trump tax overhaul could lead to fewer donations being made by New Jersey residents due to the increased standard...

Tags: Tax Reform, New Jersey, State and Local Taxes, SALT
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