Update on SALT Tax Credit Scholarships

Thursday, June 20, 2019 6:54 PM | Anonymous

Full Article: https://home.treasury.gov/news/press-releases/sm705

The U.S. Department of the Treasury today issued final rules and additional guidance on the federal income tax treatment of payments made under state and local tax credit programs.  The regulations prevent charitable contributions made in exchange for state tax credits from circumventing the new limitation on state and local tax deductions.