Skip to content
Tax Cuts and Jobs Act

Supreme Court Denies Review of States’ SALT Cap Suit

Thomson Reuters Tax & Accounting  

Thomson Reuters Tax & Accounting  

The Supreme Court declined to review the Second Circuit’s decision in New York v. Yellen, (CA 2 2021) 128 AFTR 2d 2021-6202, which held that the Tax Cuts and Jobs Act’s $10,000 cap on state and local tax (SALT) deductions is constitutional. The suit was filed by the governments of New York, New Jersey, Connecticut, and Maryland. For more information on the states’ argument, see 4 states ask Supreme Court to hear challenge to SALT deduction cap.

To continue your research on the SALT deduction cap, see FTC 2d/FIN ¶K-4001.

 

Get all the latest tax, accounting, audit, and corporate finance news with Checkpoint Edge. Sign up for a free 7-day trial today.

More answers

SEC Seeks Funding for 400 New Positions

The SEC on March 28, 2022, released a Congressional budget justification document that seeks funding for 400 new positions, 65 …