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[2] [3] The state auditor exercises this power, duty, and authority by conducting financial, compliance, and performance audits of state agencies, performing desk reviews of local governments' audit reports to ensure compliance with the law and Government Auditing Standards, and investigating allegations of waste, fraud, or abuse of public ...
Democratic Colorado Sen. Michael Bennet claims state and local tax (SALT) deduction benefits “the wealthiest people in these very blue states in the east and west coasts.” Verdict: True The ...
The majority of Utah's gross state product is produced along the Wasatch Front, containing the state capital Salt Lake City. According to the Bureau of Economic Analysis the gross stated product of Utah in 2021 was 220 billion. [1] The per capita personal income was 52,191 in 2020. [2]
In that state, the state auditor, who is elected, is the only state auditor in the United States to broadly supervise and audit the fiscal concerns of local governments. In fact, nearly 5,000 local governments which altogether spend some $40 billion annually come under the state auditor's purview. [ 10 ]
The State and Local Tax (SALT) deduction, a long-standing feature of the U.S. tax code, was capped at $10,000 as part of the 2017 Tax Cuts and Jobs Act – a signature piece of legislation during ...
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The state and local tax deduction (SALT deduction) is a United States federal itemized deduction that allows taxpayers to deduct certain taxes paid to state and local governments from their adjusted gross income. The SALT deduction is intended to avoid double taxation by allowing taxpayers to deduct state and local taxes from their federal ...
The issue stretches back to the 2017 Trump-era tax bill, which cut an array of taxes but actually raised costs in this arena by capping the SALT deduction at $10,000.