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.
Latest posts by Nickolas Pittman (see all)
- What Is Considered a Countable Asset for Medicaid? - December 11, 2018
- Mount Clemens Revocable Trusts: A Primer - December 7, 2018
- What Is the Maximum VA Aid and Attendance Benefit? - December 6, 2018