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Treasury Finishes Rules Ending Blue-State Tax-Cap Workarounds

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  • Treasury Finishes Rules Ending Blue-State Tax-Cap Workarounds

    Cross-posted on Bogleheads:

     

    https://www.wsj.com/articles/treasury-f ... 1560284101

    Unfortunately that requires a subscription, but in essence: Treasury ends the tax deduction workaround for using tax credits to donate to private schools, hospitals, etc.

    I used Georgia's GOAL program to donate $2,500 to my daughter's private elementary school. At least my state taxes won't be affected, but I can't take the $2,500 as a charitable contribution now.

  • #2
    Non-paywall story (the hill) Can't say I'm too surprised.

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    • #3
      I'm fine with this.

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