State Tax

Robots or Jobs? The Federal Tax Law's Uncertain Impact On Communities

Robots or Jobs? The Federal Tax Law's Uncertain Impact On Communities

In recent months, many states have adjusted their tax codes in response to the Tax Cuts and Jobs Act (TCJA), the sweeping package of federal tax-rate reductions and other changes enacted last December. The biggest issue states have had to reconcile has been whether and to what degree to conform to the federal tax changes – that is, whether to incorporate the TCJA’s provisions in part or fully into their own state codes.

Treasury, IRS move to block blue state workarounds on tax caps

Treasury, IRS move to block blue state workarounds on tax caps

The Treasury and IRS have issued new rules that will block blue states' attempts to circumvent the new $10,000 cap on state and local tax deductions.

IRS issue proposed regulations on charitable contributions and state and local tax credits

IRS issue proposed regulations on charitable contributions and state and local tax credits

Today the U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local tax credit.

How the online sales tax ruling will affect consumers

How the online sales tax ruling will affect consumers

As the U.S. tries to catch up with digital companies that operate without a physical presence, the ruling allowing states to tax e-commerce providers outside their state borders has created an extra hurdle for companies handling online transactions. The ruling may prompt Congress to introduce new legislation for an overhaul on unifying e-commerce for all 50 states.