Massachusetts Legislators to Scrutinize Federal Tax Overhaul

BOSTON (AP) — Lawmakers are taking a closer look at the federal tax overhaul and how it may affect Massachusetts.

The Legislature’s Committee on Revenue will hold a public hearing at the Statehouse on Tuesday to hear from experts about the tax law approved last month by the Republican-led Congress and signed by President Donald Trump.

While many Americans are likely to at least initially see lower federal tax obligations, it could be a different story for many residents in high-tax states.

The new federal law includes a new $10,000 cap on deductions for the payments of state and local taxes.

Massachusetts is among five states where more than one-third of tax filers claim the state and local tax deduction, and the average deduction in each of those states is more than $15,000.

About CapeCod.com NewsCenter

The award-winning CapeCod.com NewsCenter provides the Cape Cod community with a constant, credible source for local, regional, and national news. We are on the job seven days a week. You can also hear the CapeCod.com NewsCenter by tuning into Ocean 104.7 FM.