Sen. Schumer Optimistic On Possible Repeal Of $10,000 Cap On SALT DeductionsHomeowners who pay high property taxes, like many in the Tri-State Area, were hit hard by the tax overhaul bill passed in 2017.
Judge Tosses Out Lawsuit Filed By New York & New Jersey To Save SALT DeductionsJudge J. Paul Oetken dismissed a challenge on Monday to the Republican-led tax overhaul filed last year by New York, New Jersey, Connecticut and Maryland.
'Throwing SALT On Our Wounds': Suffolk Officials Set Up Charitable Gift Reserve To Restore Tax DeductionSuffolk County is taking action that officials there say will reverse the impact of the loss of deductions.
New Tax Laws Giving Many People Sticker Shock And Smaller RefundsAmericans like Melissa Velez filed for the government’s standard deduction – which is now a $12,000 credit for taxpayers - and her return was nearly cut in half.
Gov. Cuomo Urges President Trump To Rethink Tax ChangesThe Democratic governor met with the Republican president to discuss the $10,000 cap on the federal deduction for state and local taxes — known as SALT.
Cuomo Heads To Washington To Talk With Trump About SALT DeductionsCuomo says he'll urge the president to reconsider a provision in the recent tax overhaul that sharply limits a federal deduction for state and local taxes.
Bi-Partisan Push On For State, Local Tax Deduction FixLawmakers from both sides of the aisle are working to bring back the state and local tax deduction, also known as SALT.
With Dems Winning The House, N.J. Lawmakers Push To Save SALT DeductionsIn Ramsey, the average property tax bill is around $12,500. Residents will now have to pay taxes on the additional $2,500 that's over the cap.
IRS Stops States’ Attempts To Save SALT DeductionNew rules unveiled by the IRS undermine some states' attempts to help residents keep a version of a popular federal income tax deduction.
New York, New Jersey, Connecticut Sue Over Tax OverhaulSue claims new $10,000 tax limit on state and local deductions aimed at hurting specific states.
New Jersey Introduces Charitable Option To Help Taxpayers Hit By Capped Federal DeductionsThe federal tax changes will affect states, like New Jersey, with some of the highest property tax rates in the country. On Friday, Gov. Phil Murphy signed a law that aims to provide some relief.
Critics: Cuomo Should Cut State Tax Instead Of Worrying About Federal Tax Plan EffectsNew York state Gov. Andrew Cuomo is doing whatever is necessary to protect New Yorkers from increased federal taxes.
Local Homeowners 'Taxed Out' As New Federal Tax Code Takes EffectWith the new year brings a new federal tax code, which means higher taxes for many in our area because of the elimination of local and state deductions.
President Trump Returns To NYC; Hundreds Protest Tax PlanSeveral hundred protesters gathered across the street from Cipriani in Midtown, where the president spoke at a breakfast for business leaders.