Federal Deductibility of State & Local Taxes Topic of CRS Report
October 24, 2026
October 24, 2026
WASHINGTON, Oct. 24 (TNSLrpt) -- The Congressional Research Service issued the following report (No. RL32781) on Sept. 25, 2026, entitled "Federal Deductibility of State and Local Taxes" by acting section research manager Grant A. Driessen.
Here are excerpts:
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SUMMARY
Under current law, taxpayers who itemize their deductions can deduct state and local real estate taxes, personal property taxes, income taxes, and sales taxes (in l . . .
Here are excerpts:
* * *
SUMMARY
Under current law, taxpayers who itemize their deductions can deduct state and local real estate taxes, personal property taxes, income taxes, and sales taxes (in l . . .