rbynaker
Level 14
12-06-2019
10:22 PM
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Update from today (2/8/19):
They may have reached a compromise and put the emergency clause back in. If all goes well, this could be law by the end of next week (I'm not holding my breath).
Current version of the bill:
https://lis.virginia.gov/cgi-bin/legp604.exe?ses=191&typ=bil&val=Sb1372
still ties standard/itemize to federal. Conforms to the $10K SALT cap for 2018 (but not 2019-2025). Increases the standard deduction for 2019-2025 by 50%.
It's a start, and if it lets us file 2018 returns, so be it.
Rick