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News

September 5, 2018

For Business Taxpayers, Payments Under State or Local Tax Credit Programs May Be Deductible

 

IR-2018-178, Sept. 5, 2018

WASHINGTON — Business taxpayers who make business-related payments to charities or government entities for which the taxpayers receive state or local tax credits can generally deduct the payments as business expenses, the Internal Revenue Service said today. Read full article.

 
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