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!
Latest posts by Morris Hall, PLLC (see all)
- Knowing If You Are In Need of Advanced Protection - June 8, 2021
- Common DIY Estate Planning Mistakes - May 10, 2021
- Essential Steps for Creating an Estate Plan - May 3, 2021
Leave a Reply