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States in Pickle Over Deductions for Federal Taxes

from Bloomberg BNA

Six states that provide a deduction for federal taxes will look for ways to reduce an increased burden on taxpayers or to spend the extra loot stemming from the new federal tax law. Taxpayers in Alabama, Iowa, Louisiana, Missouri, Montana and Oregon can expect higher state tax bills because their federal income taxes will decrease as a result of the 2017 federal tax act. more

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