Here's what's next after U.S. District Judge J. Paul Oetken dismissed a lawsuit filed by New York, New Jersey, Connecticut and Maryland against the IRS, Treasury Department and Treasury Secretary Steven Mnuchin.
New York, along with New Jersey, Connecticut and Maryland, filed suit against Treasury Secretary Steven Mnuchin and the IRS back in July 2018.
The states fought a new $10,000 cap on the state and local tax deduction filers can claim on their federal income taxes.U.S. Treasury Secretary Steven Mnuchin talks to reporters about cryptocurrency in the Brady Press Briefing Room at the White House July 15, 2019 in Washington, DC. Mnuchin said the Treasury is very concerned about Facebook's Libra cryptocurrency and that he wants the government to "make sure that the U.S. financial system is protected from fraud.
Those states — New York, New Jersey, Connecticut and Maryland — sued the Treasury Department, Treasury Secretary Steven Mnuchin and the IRS, among others, inThey alleged that the new limit on the SALT deduction, part of the Tax Cuts and Jobs Act of 2017, was "an unconstitutional assault on states' sovereign choices."
In the dismissal, U.S. District Judge J. Paul Oetken in Manhattan said the plaintiff states ultimately failed to show that the SALT cap was unconstitutionally coercive or that it imposed on their own sovereign rights.
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