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Pending Changes to Illinois Tax Laws Include SALT Workaround

Illinois lawmakers have approved legislation that is both good news and bad news for Illinois taxpayers. The good news is that, if approved by Gov. Pritzker, Illinois taxpayers will be able to take advantage of a workaround to the federal $10,000 state and local tax (SALT) deduction cap. The bad news is that, if approved by Gov. Pritzker, some tax benefits currently available to businesses will be eliminated.

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