Illinois General Assembly extends SALT workaround
SPRINGFIELD, IL — The Illinois General Assembly passed legislation extending Illinois’ SALT (State and Local Taxes) Workaround during its fall Veto Session. The workaround permits Illinois pass-through businesses (S-CORPS and partnerships) to deduct state taxes from their federal tax returns. “Small businesses were relieved when the General Assembly voted to extend the SALT […]
Illinois General Assembly extends SALT workaround Read More »

