Hence we perceive that the clause which declares the supremacy of the laws of the Union, like the one we have just before considered, only declares a truth, which flows immediately and necessarily from the institution of a federal government.
More immediately, taxpayers in high-tax states are rushing to see whether they can seek extra relief ahead of a new cap on the state and local tax deduction that will go into effect on Jan. 1. Taxpayers will get to deduct only up to $10,000 in both property and income or sales taxes going forward, and GOP negotiators specifically banned people from prepaying 2018 income taxes this year for an extra tax break.
New Iowa laws for 2015. This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. More tax credits and no more Social Security tax are among laws that take effect in Iowa on January 1, 2015. There are no more state taxes on Social Security in Iowa, following an eight-year gradual phase-out of that tax. Iowa seniors will see the effect of that when they file their 2014 tax return.