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IRS Moves to Block New York, New Jersey Effort to Skirt State Tax Cap

Aug.23 — The Internal Revenue Service put the tri-state area on notice: The charitable workarounds New York, New Jersey and Connecticut approved following the new federal cap on deductions for state and local taxes aren’t acceptable to the federal government. Bloomberg’s Laura Davison reports on “What’d You Miss?”

Author Since: Sep 20, 2018