Posts Tagged ‘S.A.L.T. Deduction Law’

New Law Will Save Small Business Owners Thousands of Dollars This Tax Season

Jan 19th, 2022

Small business owners in Illinois should see a reduced tax bill thanks to a new law. The new S.A.L.T. Deduction Law allows S-corporations and partnerships to avoid the $10,000 cap on state and local tax (SALT) deductions on federal taxes. Click here to read more.