State and Local Taxes

Billions in tax-sheltered municipal bonds are sold to fund stadiums that enrich team owners while fueling federal deficits.

Calling its actions illegal, Attorney General Kris Mayes is asking a federal magistrate to block the IRS from taxing last year’s rebate.

The legislation was championed by blue-state Republicans opposed to the $10,000 state and local tax deduction cap.

The SALT professionals at Grant Thornton have compiled it's top predictions for what it expects to see in the coming year in this volatile space.

Democrats back lifting deductions cap but argue Republican-backed legislation is an election-year gift.

The measure was approved 357-70 by the House of Representatives as part of a bipartisan tax deal that included fire victim tax relief.

The state’s rebates didn’t fall under the category of general welfare or disaster relief, both of which can be excluded from federal taxes.

Opponents had argued it was a tax on income, and thus barred by Washington's state constitution.