Tag Archives: state and local taxes

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

Posted on January 21, 2022 by AGRR/glassBYTEs Editor

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. … Continue reading →

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