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)
- The Problem of Chronic Nursing Home Readmission - October 16, 2018
- Missing Long Beach Woman Highlights the Need for Conservatorships - October 15, 2018
- New Asset Transfer Look-Back for VA Aid & Attendance Coming Soon: The Window of Opportunity is Closing Quickly! - October 14, 2018