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 Scott Schomer, Estate Planning Attorney (see all)
- What is a Pet Trust and Why Would I Need One? - March 24, 2019
- What Are the Most Important Things I Need to Know About Estate Planning? - March 23, 2019
- What is an Asset Protection Trust? - March 22, 2019