21st Century Taxation

This blog by a tax professor is about tax policy and reform and moving tax systems into the 21st century. It focuses on tax system weaknesses, critiques reform proposals (pointing out where they do and do not follow principles of good tax policy and do and do not reflect how we live and do business today), and offers new ideas. Additional information - articles, reports and links, can be found at the 21st Century Taxation website (see link below right). I welcome your comments.

Showing posts with label SALT cap. Show all posts

Monday, May 26, 2025

How Does the Revised SALT Cap in House OBBBA Work?

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On May 22, the House passed H.R. 1 , the One Big Beautiful Bill Act (OBBBA), and it now goes to the Senate Finance Committee where changes w...

Wednesday, December 21, 2022

5th Anniversary of Tax Cuts and Jobs Act - 12/22/22

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The Tax Cuts and Jobs Act ( P.L. 115-97 ) was signed into law on December 22, 2017. This was a budget reconciliation bill so only needed 51 ...

1 comment:

Sunday, November 28, 2021

Passthrough Entity SALT Cap Workaround is Messy!

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Note: Additional text added 12/1/21 after initial posting. The $10,000 SALT cap enacted as part of the Tax Cuts and Jobs Act of 2017 has pol...

5 comments:

Sunday, January 31, 2021

We Need More Tax Policy Discussion

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We have a few proposed changes under consideration that very much need a deep policy discussion rather than only a cost estimate and a gener...

1 comment:

Thursday, July 4, 2019

Fixing the SALT $10,000 Cap

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Source: JCX-35-19 (6/24/19) for the House Ways and Means Committee hearing on problems with the SALT cap. On June 25, 2019, the House W...

Sunday, June 16, 2019

Latest Guidance on SALT Cap and Donations + Notice 2019-12 Safe Harbor

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Excerpt from 2018 Form 1040 Schedule A, Itemized Deductions The $10,000 cap on itemized deductions of state and local taxes led a few st...

2 comments:

Friday, September 21, 2018

TCJA Reference to 1944 Law Regarding SALT Cap is Now Online

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Santa Clara County Law Library - great place and free - has the 1944 Cumulative Bulletin! In describing the new $10,000 deduction limit...

2 comments:

Sunday, June 17, 2018

State Bewilderment to TCJA - Podcast Too!

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A State Tax Notes article of mine for 5/28/18 is titled, "Moving Past a TCJA State of Bewilderment." My focus is on a few states...

2 comments:

Sunday, May 6, 2018

Yet One More Proposal for Relief of New State Tax Deduction Cap

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The Tax Cuts and Jobs Act (PL 115-97; 12/22/17) limits the itemized deduction for state and local taxes to $10,000 ($5,000 if married filing...

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About Me

Professor Nellen: I am a tax professor and Director of the MS Taxation Program at San Jose State University. I teach courses on tax research, tax accounting methods, taxation of property transactions, advanced individual tax, employment tax, ethics, and tax policy. I am active in the tax sections of the AICPA, ABA and CA Lawyers Association (CLA). I currently serve as chair of the AICPA Digital Asset Tax Task Force, and serve on the AICPA Disaster Relief Task Force, following serving almost seven years on the AICPA Tax Executive Committee including as chair for 2 1/2 years. I am a past chair of the AICPA Individual Taxation Technical Resource Panel and current chair of the ABA Tax Section's Tax Policy & Simplification Committee. I am a regular contributor to State Tax Notes (Moving Forward? column) and co-author/co-editor of four tax textbooks (Cengage/SWFT). I welcome your comments to my blog posts.

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