Homeowners in the Tri-State Area could get a welcome tax break from Uncle Sam. Officials are mobilizing a new campaign to restore full state and local property tax deductions -- SALT -- that were halted by President Donald Trump; CBS2 political reporter Marcia Kramer has the story.
Officials Mobilizing New Campaign To Restore SALTHomeowners in the Tri-State Area could get a welcome tax break from Uncle Sam. Officials are mobilizing a new campaign to restore full state and local property tax deductions -- SALT -- that were halted by President Donald Trump; CBS2 political reporter Marcia Kramer has the story.
New Effort Underway To Fully Reinstate New Jersey State And Local Tax DeductionsA cap on the SALT deduction is hitting Tri-State Area residents hard in their wallets and forcing people to move away. There's now a new effort at the federal level to fully reinstate New Jersey State and Local Tax deductions; CBS2's Meg Baker reports.
How The Pandemic Could Impact Your TaxesWith 2021 now underway, it's a good time to start thinking about April and the IRS; Nichelle Medina reports for CBS2.
People Working From Home Wonder What That Means For Their Tax DeductionsMany 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. CBS2's Alice Gainer reports.
Financial Experts: Don't Let Coronavirus Put You In A Credit CrunchExperts say now is a time to be proactive to prevent your credit from getting destroyed during the coronavirus outbreak. CBS2's Jessica Layton reports
Coronavirus: Comptroller Seeks Tax Relief For NYC's 26,000 EateriesComptroller Scott Stringer says those restaurants ordered closed "have made the ultimate sacrifice" to help slow the spread of the COVID-19 virus. CBS2's politcal reporter Marica Kramer reports.
Tax Expert Offers Stress-Buster TipsThe upcoming holiday weekend might be a good time to prepare for tax day; CBS2's Nick Caloway has some tax time stress-buster tips from an expert.
Family Discovers Their Long Island Land Became 'Practically Worthless' After Decades-Old Zoning ChangeA family that bought a piece of land 70 years ago in Shirley, N.Y., have paid taxes for decades, thinking they were investing in a property that could one day provide them with income from its sale. CBS2's Carolyn Gusoff reports.
Better Business Bureau Warns Of IRS Refund ScamTax season is underway and the Better Business Bureau is warning that scammers may try to steal your refund by filing a return under your name. All crooks need is your social security number. CBS2's Chris Wragge report.
Property Reassessments Now To Be Done Every Year For 1.5 Million Long Island ResidentsNew property assessments are in the mail for Nassau County's 1.5 million residents, and that means taxes could be going up or down. CBSN New York's Carolyn Gusoff reports.
Tips On Getting Your Taxes In OrderMoney expert Rocco Carriero has a few tips to make sure you get the most out of your refund. CBS2's Cindy Hsu and Aundrea Cline-Thomas report.
A Look At Cuomo's State of The State ProposalsCBS2's Marcia Kramer has the latest on Gov. Cuomo's State of the State address and the opposition to some of the proposals.
House Votes To Restore SALT DeductionsFederal lawmakers are restoring the ability to deduct state and local taxes.
Property Tax Cut In Westchester BudgetCBS2's Tony Aiello has the latest on the tax cut coming to Westchester property owners.
Senate Bill Would Repeal IRS Cap On State And Local Tax DeductionsHomeowners who pay high property taxes, like many in the Tri-State Area, were hit hard by the tax overhaul bill passed in 2017. CBSN New York's Alice Gainer reports.
Senate Bill Would Repeal IRS Cap On State And Local Tax DeductionsHomeowners who pay high property taxes, like many in the Tri-State Area, were hit hard by the tax overhaul bill passed in 2017. CBS2's Maurice DuBois reports.
Tax Breaks For Companies Leave Long Island Residents AngryCBS2's Jennifer McLogan has the latest on the tax breaks given to big companies to stay on Long Island and the residents saying they're the ones paying for it.
De Blasio's 2020 Tax Plan Draws Shock And CriticismCBS2's Marcia Kramer has the latest on Bill de Blasio's 2020 tax proposal that has experts calling it either a political stunt or a plan to ruin New York City.
NJ Lawmakers Spar Over Murphy's Millionaire's TaxCBS2's Meg Baker has the latest on Gov. Murphy's $125 tax credit for middle class families that would be paid for by taxing millionaires.
Murphy Pushing Tax Plan For New JerseyNew Jersey Gov. Phil Murphy announced his tax fairness and property tax relief plan Monday. CBSN New York's Meg Baker reports.
IRS Hits LI Homeowners For Septic GrantsLawmakers and Long Island homeowners want the IRS to change their decision to tax residents for money they were granted to make environmental changes to their septic systems. CBS2's Carolyn Gusoff reports.
NJ Still Considering Millionaire’s Tax To Get Property Tax ReliefNew Jersey property taxes are the highest in the country - a big concern for voters. Gov. Phil Murphy says he has the solution. CBS2's Meg Baker reports.
Nassau County Deadline To File A Tax Assessment Grievance Comes At MidnightAfter glitches in the rollout and twice extending deadlines, Nassau County taxpayers challenging their reassessments have until midnight to file a grievance. CBS2's Jessica McLogan reports.
Tax Day Especially Painful To Long Island ResidentsSuffolk County is taking action that officials there say will reverse the impact of the loss of deductions for state and local taxes - so-called SALT deductions. CBS2's Carolyn Gusoff reports.