IRS Finalizes Regulations Disallowing Workarounds for State and Local Taxes

June 26, 2019

Ballard Spahr LLP--by the Tax Group

The IRS has issued Final Regulations and Notice 2019-12 in an attempt to block states from enacting regulations that allow taxpayers a workaround to avoid the new $10,000 cap on deductions by individuals for state and local taxes.

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