Posts Tagged ‘SALT Tax’


The New Connecticut Business Entity Tax

The Jobs Cut and Tax Act (JCTA) of 2017 made the most sweeping changes to the Federal Income Tax Law in over 30 years. Read here to see the 7 Ways the 2017 Tax Bill Affects Connecticut Taxpayers. In additional to almost doubling the Standard Deduction, beginning in 2018 the maximum deduction for state and local income taxes (SALT) is limited to $10,000. As … Continue reading »