As lawmakers prepare for an expected House-Senate conference on the Tax Cuts and Jobs Act (HR 1), several differences between the two bills are getting attention. Both bills repeal the state and local tax deduction (SALT), but the Senate repeal is temporary. Also, lawmakers must reconcile the House’s permanent repeal of the AMT and the […]
The post SALT, AMT, Among Differences Awaiting Tax Bill Conference appeared first on Tax & Accounting Blog.