Panel advised against hasty response to US tax overhaul

in

Jan 23 2018

By Bob Salsberg, AP / The News Tribune

The Massachusetts Taxpayers Foundation estimates that about a third of the state's taxpayers claim the deduction on state and local taxes, with the average deduction totaling about $17,000 in the 2015 tax year. The group estimates the $10,000 cap will result in the aggregate loss of about $7 billion in deductions.
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