Property taxes as charitable deductions? Mnuchin says: Nope

Treasury Secretary Steven Mnuchin isn’t having any of this claim-property-taxes-as-charitable-deductions business. To curb the impacts of the new tax law, some states have floated the idea of allowing residents to replace their state and local taxes with deductible charitable contributions. But Mnuchin called the idea “ridiculous.” “From a Treasury standpoint and IRS, I don’t want to speculate on what people will do, but I think it’s one of the more ridiculous comments to think you […]

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