CNBC: Blue states file suit against IRS over rules on SALT workarounds

Whether the final rule will ultimately deter people from donating to these funds remains to be seen.

“If you’re really passionate about private school vouchers in Georgia, you donate and you still get 100% of your donation back,” Carl Davis, research director at the Institute on Taxation and Economic Policy, told CNBC. “You just won’t get a federal tax deduction on top of it.” Read more