Tax,
Real Estate/Development
Jun. 20, 2019
How the tax law increased housing costs in California
On June 11, the IRS dealt the final blow to attempts by blue states to circumvent a $10,000 cap on deductions for state and local taxes, better known as the “SALT cap,” that was established by the Tax Cuts and Jobs Act of 2017.
Dan Teitelbaum
Blackacre LLPEmail: dan.t@blackacre.law
Dan is a real estate attorney with Blackacre, a unique fixed-fee transactional law firm, brings an understanding of the business and legal sides of real estate transactions that emphasizes practical issues, reduces risks and closes deals efficiently. Specialties include commercial leasing, acquisitions, dispositions, financing and construction.
On June 11, the IRS dealt the final blow to attempts by blue states to circumvent a $10,000 cap on deductions for state and local taxes, better known as the "SALT cap," that was established by the Tax Cuts and Jobs Act of 2017.
With the current political climate, substantially all of what has been written on the SALT cap has focused on the deeply acrimonious relationship between the high tax states' Democratic governors and the Trum...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In