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


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Erin Forst, JD/MAcc, connects small and mid-sized business owners with the services they need to grow, boost their profits, and pay less in taxes.

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