Categories
- Administrative law (3,493)
- Admiralty-Maritime Law (2,514)
- Advertising Law (2,069)
- Antitrust – Competition law (735)
- Aviation Law (959)
- Banking and Finance law (1,951)
- Bankruptcy Law (1,397)
- Business law (2,076)
- Constitutional Law (688)
- Contract Law (44)
- Copyright Law (1,415)
- Corporate Law (1,455)
- Criminal Law (1,149)
- Divorce Law (2,187)
- Elder Law (117)
- Employment and Labour Law (1,216)
- Environmental Law (653)
- Estate Planning (691)
- Family Law (1,070)
- General Legal News (225)
- Health Law (1,261)
- Immigration law (883)
- Injury & Accident Law (1,390)
- Insurance (664)
- Intellectual Property (1,357)
- International Law (569)
- Judiciary (562)
- Law Librarians (1,800)
- Law Professors (1,118)
- Law Students (993)
- Legal Ethics (306)
- Legal Marketing (1,086)
- Legal Theory (707)
- Medical malpractice law (1,204)
- Products Liability (847)
- Real Estate & Property Law (938)
- Securities Law (732)
- Seogpst (2)
- Tax Law (1,059)
- Technology & Cyberlaw (1,526)
- World (729)
- Germany (3)
- Writings and Citations (4)
Tag Archives: Deductions
Treasury Issues Proposed Regulations Addressing Charitable Deductions for State and Local Tax Credit Contributions
The Treasury Department recently issued proposed regulations addressing the availability of charitable deductions when taxpayers receive or expect to receive corresponding state or local tax credits for contributions. The proposed regulations require a taxpayer who makes a contribution to a … Continue reading
Posted in Tax Law
Tagged addressing, Charitable, contributions, Credit, Deductions, Issues, Local, Proposed, Regulations, state, Treasury
Leave a comment
The Most Commonly Abused Tax Deductions
Taxpayers interested in maximizing their financial situation look for legitimate ways to reduce their tax burden. They find tax deductions, credits, and other ways to shrink their tax bill and pay as little as possible. That’s why they often consult with a … Continue reading
The Good and Bad News on Charitable Deductions under the 2017 Act
The good news first:a. The 50% of adjusted AGI limitation maximum deduction amounts in any one year is increased to 60% as to cash contributions.b. The Section 68 3% “Pease limitation” phase-out of itemized deductions is out of the law … Continue reading
IRS Issues Notice on State and Local Tax Deductions
On May 23, 2018 the U.S. Department of Treasury and the Internal Revenue Service issued Notice 2018-54, which announced new proposed regulations addressing state and local tax payment deductions for federal income tax purposes. The 2017 Tax Cuts and Jobs … Continue reading
Marital Deductions & Non-Citizen Spouses
A QDOT is a specific type of marital deduction trust that is designed to ensure that non-citizen spouses will eventually pay any taxes that may be due upon distribution of the principal from the trust, even if the surviving spouse … Continue reading