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SALT Deductions

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Latimer Finds A Long Island Partner In Challenge To Proposed IRS Suburban Tax Increase Latimer Finds A Long Island Partner In Challenge To Proposed IRS Suburban Tax Increase
Latimer Finds A Long Island Partner In Challenge To Proposed IRS Suburban Tax Increase Westchester County Executive George Latimer is teaming with other elected officials in New York in a partnership to fight recently proposed regulations that could impact suburban homeowners come tax season. This week, Latimer and Suffolk County (Long Island) Executive Steve Bellone announced their partnership, calling on the IRS to amend proposed regulations that would “significantly limit the ability of homeowners and individuals’ from being able to deduct state and local taxes (SALT) on their federal tax returns." “While the Federal Government claims only 5 percent of the nation will…

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by Zak Failla