The 2017 tax reform capped at $10,000 the amount of state and local tax (SALT) payments that can be deducted from federal ...
4don MSNOpinion
It’s no wonder local governments are forced to consider reducing or eliminating services to the communities they serve — ...
High-income earners, retirees and the wealthy have the most to gain from no state income tax, local experts said. Low and middle class people feel more of the burden from sales and property taxes and ...
Final passage came on a 34-3 Senate vote to lower the tax to 3.5% from 4% at the start of 2026. The bill goes to Democratic Gov. Andy Beshear, who has said he supports the tax cut. It continues a ...
Local income taxes can be an important progressive revenue raiser, as they ask more of higher-income households and are ...
In our Reality Check stories, The News Tribune journalists seek to hold the powerful accountable and find answers to critical questions in our community. Read more. Story idea? realitycheck@ ...
3don MSNOpinion
The mostly friendly state battle for tax competition and economic competitiveness is alive and well in our region. Except for ...
IRS Free File program at IRS.gov offers free tax software to those with adjusted gross incomes of $84,000 or less. Other free ...
NY lawmakers Gillibrand, Suozzi, LaLota vow to use their clout to tackle SALT tax cap, fiscal issues
Gillibrand, LaLota, Suozzi say lifting the $10,000 federal income tax cap on state and local tax deductions, or SALT, is the ...
Several states don’t tax Social Security benefits, 401(k)s, IRAs, and pensions. But you may still have to pay state taxes on ...
President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break ...
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