New York Magazine: California, New Jersey, and New York Designing Workarounds to Blunt GOP Tax Bill Impact

In a memo released in 2011, the Internal Revenue Service gave its blessing for taxpayers to claim federal deductions on those gifts. The combination of a 100 percent state-tax credit and a federal deduction actually makes the gifts profitable for some donors, said Carl Davis, research director for the Institute on Taxation and Economic Policy. Read more