Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $25,647
31%  
Woo hoo!! And we're now over 31%!! Thank you all very much!! God bless.

Keyword: itemization

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  • 5 Myths About the State and Local Tax Deduction’s Cap

    06/25/2019 2:21:35 PM PDT · by Tolerance Sucks Rocks · 16 replies
    Ever since the Tax Cuts and Jobs Act passed in late 2017, Democrats and a few Republicans have decried how the law’s $10,000 cap of the state and local tax deduction harms schools, local communities, home values, first responders, and middle-class families. Fast forward almost two years later and these false claims are not going away. House Democrats recently announced a hearing scheduled for Tuesday where many of the common myths are likely to be repeated. Here are a few of the most common misconceptions. Myth #1: The Cap Hurts Middle-Class Taxpayers Before the 2017 tax cut capped the state...