Capital gains: Taxed as ordinary income.
The higher SALT deduction cap opens a larger federal write-off for some homeowners in high-tax areas, but a phase-down above $500,000 of MAGI and regional gaps sharply limit who benefits.
Noble Tax Relief said it has expanded attorney-led IRS collection defense services in the Chicago area, targeting taxpayers facing liens, levies, wage garnishments and other federal enforcement actions.
Maryland has asked a circuit court to review tax court rulings that invalidated its digital advertising tax, keeping a legal fight alive over a levy tied to education funding and more than $500 million already collected.
NetChoice sued Illinois over a new digital advertising tax and a social media platform fee, arguing the measures target specific speakers and may raise First Amendment, commerce clause, and due process issues.
A September 12 reminder from a Naperville enrolled agent firm underscores a federal tax rule many divorced filers miss: a state divorce order does not bind the IRS on a joint return, though relief may still be available under Section 6015.