Call Your State Taxes a Donation to Avoid Federal Tax? Not So Fast

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After the Tax Cuts and Jobs Act limited deductions for state and local taxes, some states tried to recreate the deductions by allowing their residents to donate to designated state charities instead of paying state taxes. The IRS has proposed new rules to close this loophole. https://www.journalofaccountancy.com/news/2018/aug/state-local-tax-credits-charitable-contributions-201819604.html


Erin F

Tampa, Florida, United States • Last online 3 days

Erin F., JD/MAcc, focuses on the legal, accounting, tax, financial services, insurance, and related industries. He has worked with professional service firms of all sizes ranging from sole practitioners to national firms as well as agencies and tech companies ranging from startups to Fortune 500 companies. He has covered both the B2C and B2B markets and specializes in making complex topics easy to understand while following SEO and marketing best practices.

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