Higher State Taxes, Federal Stimulus To Fund Expanded Pre-K On Long IslandA flood of new money from higher state taxation and federal stimulus funding is coming to Long Island.
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.
IRS Says PPE Can Be Deducted As Medical ExpensesThe tax filing deadline has been extended from April 15 until May 17 this year.
COVID Impact: NYS Legislature Under Intense Pressure To Not Raise Taxes On Businesses And The WealthyThe lights are on in office buildings all over New York City, but most of the workers have yet to return.
Supreme Court Will Not Stop Turnover Of Trump's Tax Records To Manhattan DAThe court’s order is a win for Manhattan District Attorney Cyrus Vance Jr., who has been seeking Trump’s tax records since 2019 as part of an investigation.
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.
Nassau County Taxpayers Shocked By First Bills After Massive Reassessment: 'It's Unfeasible'For years, Nassau home values were wildly inaccurate. Those who grieved won rubber-stamped reductions. Those who did not unfairly paid more.
Stimulus Check Update: How Much Money Will New Parents Receive?Parents of children born in 2020 are eligible for stimulus payments covering their dependents, if they meet the income requirements.
Some H&R Block, TurboTax Customers Say Stimulus Payments Were Deposited Into Unfamiliar Bank AccountsIt turns out, the money was sent to the tax prep companies because those taxpayers used their 2019 tax refund to pay for the service.
How The Pandemic Is Complicating Taxes For Millions Of AmericansEven the certainty of paying taxes every year isn't immune from the economy-rattling impact of the coronavirus.
People Working From Home Wonder What Expenses They Can Write Off: The Answer May Surprise YouMany people still have not returned to their office buildings, and with the upcoming tax season fast approaching, some want to know if they can write off those work from home expenses.
Do New Jersey Residents Working From Home Still Have To Pay New York Income Taxes?More than 400,000 New Jerseyans used to work in New York before the lockdown and workplace restrictions. Now just 10% have returned.
Appeals Court: President Trump Must Turn Over Tax Records To Manhattan District AttorneyManhattan District Attorney Cyrus Vance, Jr. is seeking eight years of the Republican president’s personal and corporate tax records, but has disclosed little about what prompted him to request the records.
New Jersey Gas Tax Increasing By Nearly 10 Cents Per GallonA 2016 state law requires the tax rate be adjusted each October to ensure it generates enough cash for New Jersey's transportation trust fund.