Sentences with phrase «average deduction»

As you might expect, wealthy residents of wealthy states tend to have the highest average deduction for state and local taxes.

People with larger than average deductions for personal exemptions and / or state and local taxes.

Westchester and Nassau County residents would lose average deductions of $ 34,345 and $ 23,586, respectively.

Residents of New York take the highest average deduction for state and local taxes, according to IRS data.

Their concern is the new limit on the amount of state and local taxes citizens can deduct on their federal filings will be capped at $ 10,000, an amount lower than the current average deduction in Connecticut, New Jersey, and New York, according to Moody's Investors Service.

Finally, rounding out our list of the top 10 states with the highest average deduction for state and local taxes is Vermont, where 27.41 % of returns took SALT deductions.

New York, Connecticut, New Jersey, California, Massachusetts, Illinois, Maryland, Rhode Island and Vermont are the states (plus the District of Columbia) with the highest average deduction for state and local taxes.

Last July, then - IRS Commissioner John A. Koskinen wrote to one Senate Finance Committee member that an initial analysis of the disclosures the agency had received showed an average deduction of nine times the initial investment.

In Georgia, for example, 33 percent of tax filers claim an average deduction of $ 9,158, the GFOA report said.

The average deduction claimed was also higher in those regions.

Connecticut residents take the second - highest average deduction for state and local taxes.

Over 40 percent of filers itemized deductions in 2015, with the average deduction at about $ 18,000, according to Democratic Gov. Phil Murphy's transition reports.

More than 40 percent of filers itemized deductions in 2015, with the average deduction at about $ 18,000, according to Murphy.

In the three districts in the Western New York area, nearly one - third of all taxpayers claim the state and local deduction - the average deduction was about $ 12,000 in 2015,» cites Schumer.

Neighboring Westchester County ranked fourth - highest in the nation with an average deduction of $ 14,780, and Nassau County in Long Island ranked eighth at $ 11,620, the study found.

Manhattan taxpayers had the nation's highest average deduction for state and local taxes ($ 24,652) while in the Syracuse area the average deduction was $ 4,057, according to a Tax Foundation study.

In California, Connecticut, Massachusetts, New Jersey and New York, more than one - third of tax filers claim the state and local tax deduction on federal taxes; the average deduction in each state is over $ 15,000.

Manhattan taxpayers would be the hardest hit, losing an average deduction of $ 60,384, according to the controller's report.

Manhattan taxpayers would be the hardest hit, losing an average deduction of $ 60,384, according to the the state controller's report.

The average deduction for Clinton County taxpayers in 2015 was $ 6,429, according to the report.

The average deduction for taxpayers in the Empire State is more than $ 6,000 per year.

In 2015 alone, 4.1 million families benefitted from the MI premium tax deduction, for an average deduction of $ 1,528.

California had a high deduction claim, with the average deduction amount adding up to more than $ 15,000.

Yes, it won't be as good as a TFSA if the average tax rate on the RRSP withdrawals is more than the average deduction rate of the contributions.

According to The Fiscal Times, 33.3 million returns cashed in on mortgage interest deductions in 2013 with an average deduction of $ 8,900.