Tax planning for the SALT cap / (Record no. 10270)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01661nam a22001937a 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250226132120.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 250226b ph ||||| |||| 00| 0 eng d |
| 022 ## - INTERNATIONAL STANDARD SERIAL NUMBER | |
| International Standard Serial Number | 0021-8448 |
| 040 ## - CATALOGING SOURCE | |
| Transcribing agency | OCT |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Davis, Ann Boyd |
| 240 ## - UNIFORM TITLE | |
| Uniform title | Journal of Accountancy / |
| Medium | October 2024 |
| 245 ## - TITLE STATEMENT | |
| Title | Tax planning for the SALT cap / |
| Statement of responsibility, etc. | Ann Boyd Davis, Beth Howard, and Rebekah Moore |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | Vol 238 (4) pages 48-58 : |
| Other physical details | illustrations ; |
| Dimensions | 27 cm |
| 500 ## - GENERAL NOTE | |
| General note | The Tax Cuts and Jobs Act<br/>(TCJA), P.L. 115-97, limited itemizers' state and local tax (SALT) deductions to $10,000 for tax years 2018 through 2025 (the SALT cap). However, federal policymakers have continued to battle each other and state policymakers over the limit. Although increasing the limit and extending its time frame were part of the Build Back Better Act, H.R. 5376, passed by the House in November 2021, the final version signed into law in August 2022, the Inflation Reduction Act of 2022, P.L.<br/>117-169, included no SALT limit changes. While some lawmakers want complete repeal of the provi-sion, others want to extend it past<br/>2025. With the 2025 sunset getting closer, lawmakers will no doubt continue to raise the issue, and it will remain divisive.<br/>Amid this uncertain prospect, taxpayers will be looking to their CPA tax advisers for guidance on how to plan for the cap's sunset or possible extension, with an eye toward maximizing their deductions under the cap for the 2024 and 2025 tax years. The discussion that follows outlines the possibilities and some sensible approaches.<br/> |
| 653 ## - INDEX TERM--UNCONTROLLED | |
| Uncontrolled term | Tax |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Howard, Beth |
| 700 ## - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Moore, Rebekah |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Koha item type | Continuing Resources |
| Suppress in OPAC | No |
No items available.