New Rochelle Lawmakers Excited About Potential Of President Biden's American Families PlanPresident Joe Biden will unveil his nearly $2 trillion American Families Plan proposal when he delivers his first address to a joint session of Congress on Wednesday night.
Momentum Builds Among Lawmakers To Repeal SALT CapThursday, New York lawmakers on both sides of the aisle stood together to launch an effort to reverse the tax change.
Rep. Suozzi To White House: Restore SALT Or No Deal On New Taxes To Fund National Recovery PlanWhen President Biden was crafting his plan he probably didn't count on a Democratic congressman from the North Shore of Long Island throwing a monkey wrench into his plans to raise taxes to pay for it.
Cuomo, Murphy Demand Repeal Of Federal Cap On State And Local Tax DeductionOwning a home in New York, New Jersey and Connecticut could once again mean substantial tax breaks if a new push to eliminate the $10,000 SALT cap on federal tax returns is successful.
With Democrats Controlling Washington, New Jersey Rep. Gottheimer Working To Reinstate SALT DeductionsIt's no secret homeowners around here pay a pretty penny in property taxes. So when in 2017 state and local tax deductions -- or SALT -- were capped at $10,000, it hit hard.
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.