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High-Tax States Working on Ways to Reduce Impact of the New Tax Law

High-Tax States Working on Ways to Reduce Impact of the New Tax Law

The Tax Cut and Jobs Act caps state and local tax deductions at $10,000.  Many state governments are working on solutions to reduce the impact to individual taxpayers. The article, “Democrats in High-Tax States Plot to Blunt Impact of New Tax Law,” from The New York Times outlines some of the strategies that state governments are considering to help taxpayers.

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