Quote:
IRS Takes Aim At California And Other States Trying To Help Residents Avoid New Tax-Deduction Limit by Jim Puzzanghera The Internal Revenue Service is preparing to block attempts by California and other states to help their residents avoid a new limit on the deductibility of state and local taxes included in the Republican tax overhaul. The IRS and the Treasury Department said Wednesday they would issue proposed regulations "in the near future" addressing legislation in states that would allow taxpayers to claim a charitable deduction for their state and local tax payments above the $10,000 limit set in last year's tax law. |
Everything's so damn political these days.
Now we'll never know if voluntary taxation works.
P.S. I guess I'll have a drink for my nerves.
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