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Understanding the Benefits of Georgia’s SALT Cap Workaround

By Insights, State & Local Tax, Tax Planning & Consulting

One of the more controversial provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) is the $10,000 cap on individual taxpayers’ federal deduction for state and local taxes paid, often referred to as the SALT cap. In the aftermath of this legislation, states began crafting workarounds to assist certain individual taxpayers – those who are owners of a “pass-through entity” (PTE) – in bypassing the SALT cap on their federal return.

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5 State and Local Tax Factors You Should Examine in 2022

By Insights, State & Local Tax, Tax Planning & Consulting

After the economic difficulties of the COVID-19 pandemic, it is no wonder that governments are trying to find new options to stimulate economies, get people back to work and keep businesses open. This process is creating pressure for more tax revenue, specifically state and local taxes (SALT). To address these issues, states are revising their rules and policies for taxpayer compliance and considering new tax options.

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DiAndria Green Shares Sales Tax Insight and Advice with the Sales Tax Institute

By News, State & Local Tax, Tax Planning & Consulting

DiAndria Green, a Senior Manager in Bennett Thrasher’s State & Local Tax practice, was recently interviewed by the Sales Tax Institute and featured on its Women to Watch in Sales Tax video series. During the interview, DiAndria had the opportunity to speak to the sales tax work she does at Bennett Thrasher and highlight the innovative solutions the firm’s practitioners offer our clients related to sales and use tax.

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Sales Tax Economic Nexus Law Update – Where Are We Now?

By Insights, State & Local Tax

It has been nearly three years since the landmark decision of South Dakota v. Wayfair, Inc. (“Wayfair”), which upheld states’ adoption of sales tax economic nexus laws. Notably, the Court partially hinged its ruling on South Dakota’s small seller safe harbor thresholds, which limited the state’s ability to assert sales tax nexus for remote sellers that had more than $100,000 in South Dakota-sourced receipts or 200 or more transactions with South Dakota-based customers.

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