TAX BREAK: Your residency deduction

NNSL- March 12, 2018

Here is one from the history books. Have you ever wondered why the Northern residents deduction was created? Here’s why. Before 1987, employers could provide tax-free housing and travel allowances to their employees working in locations North of the 60th parallel. These tax-free allowances were a great idea if you were on the receiving end….

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