California SALT Deduction Limitation Work-Around
Co-authored by Mark Lobb & Braden Lobb California has taken a welcome step towards allowing certain business owners to mitigate the effects of the $10,000 federal limit on the SALT deduction limitation implemented under the Tax Cuts and Jobs Act. On July 16, Governor Newsom signed into law Assembly Bill 150 (the “Bill” or “AB-150”). […]
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