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