Quote:
Originally Posted by Robbie
Bingo. And that tax deduction gave the "green light" to a few states to overtax the fuck out of their citizenry.
Basically the 2 states affected the most are New York and California. Trump's "revenge" on those "blue" states. lol
I don't know how people stay in either New York or California. New York's state and local and property taxes are outrageous.
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Why are you lying again?
On your federal tax return you deduct any state & local taxes you paid the previous year.
The IRS changed its local & state tax deductions for certain states Trump wanted to target to pay more for 2018; California, New York, etc. You dope.
IRS issues notice on state and local tax deductions
"The U.S. Department of the Treasury and the Internal Revenue Service issued a notice today stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes. Notice 2018-54 also informs taxpayers that federal law controls the characterization of the payments for federal income tax purposes regardless of the characterization of the payments under state law."