Some states also allow deductions on state income taxes for 529 contributions, though the amount of state deduction varies greatly from state to state. (yourrichestlifeplanning.com)
While the state has historically patterned deductions on the federal rules, there is no requirement to do so and Cuomo doesn't want to cap state deductions like the federal ones. (timesunion.com)
Both the doubling of the standard deduction and the elimination of local and state deductions effectively challenge or erase incentives for homeowners, and inhibit, potentially, the homeownership rate. (rismedia.com)