12-03-2017, 03:18 AM
FYI in regards to the deductions: The senate plan was to stop all federal deductions (state tax AND property tax) and the House plan opposed it. So they compromised slightly to allow itemized deductions of just property tax. I also don't know any states, Hawaii included, that allow you to deduct federal taxes at the state level.
The Senate bill would no longer let individual filers deduct their property taxes or their state and local income or sales taxes.
Eliminating the state and local tax deduction was met with strong opposition from House lawmakers in high-tax states and cities. So a concession was made in the House Republicans bill to restore an itemized deduction for property taxes up to $10,000.
The Senate bill would no longer let individual filers deduct their property taxes or their state and local income or sales taxes.
Eliminating the state and local tax deduction was met with strong opposition from House lawmakers in high-tax states and cities. So a concession was made in the House Republicans bill to restore an itemized deduction for property taxes up to $10,000.