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IRS SALT Cap Workaround Rule Unlawful, 2nd Circ. Told

By Maria Koklanaris ( March 20, 2025, 6:33 PM EDT) -- The Internal Revenue Service unlawfully created a rule prohibiting workarounds to the federal cap on state and local tax deductions, a New Jersey deputy attorney general told a Second Circuit panel Thursday, asking the appellate judges to overturn a lower court ruling that upheld the rule. . . .

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