Sentences with word «deductability»

«I would like to see changes that accommodate the need for our state taxpayers to be able to continue the longstanding practice of deductability of state and local taxes.»

Cuomo says if Republican tax plans are enacted, ending deductability for state and local taxes, New York's revenue would eventually be impacted.

At the same time, Faso remained concerned with the House bill ending deductability for medical expenses.

Republican Rep. John Faso continues to have a mixed view on the tax overhaul measure he voted against, saying an interview Friday he wants changes that either preserve deductability for state and local taxes or, at the very least, phase them out on a predictable time table.

When people are introduced to the SM the only thing they can see is «Mortgage Interest Deductability» and after that their eyes glaze over.

You aren't claiming deductability, but their caution should warn you that it's unsafe to make any strong statement.

@GeorgeMarian The net difference, if it is measured purely in money, does need to take into account the taxability or deductability of the various amounts.

I am still leery of the compound interest deductability.

Change the deductability of medical expenses Elimination of Roth IRA recharacterizations Change 529 College Savings Plans Change the deductability...

The governor has been sounding the alarm about the tax bill, which curtails the deductability of state and local taxes.

The state may need to find more revenue or cut spending if a Republican tax plan as written that ends or limits the deductability of state and local taxes is approved in Congress, Gov. Andrew Cuomo said on Wednesday in a conference call.

ALBANY — New York is set to create an optional payroll tax and new charitable funds that will allow its residents to skirt new federal limits on the deductability of state and local taxes, officials said, becoming the first state to enact workarounds to the Trump administration's new tax law.

Faso, a Republican from the Hudson Valley, was one of five Republicans from New York who voted against the plan over the provisions that end the deductability of state and local taxes and cap property tax deductions at $ 10,000.

But I think we do have to look at the numbers to preserve the deductability for state taxes.»

Kathryn Wylde, of the Partnership for New York City, opposes the idea of raising taxes on the wealthy, especially because the new federal tax bill hits some of New York's high earners hard by rolling back much of the deductability of state and local taxes.

That means high - tax states like New York could get hammered under the bill, though not as much as they would have under earlier tax reform proposals that also would have ended the deductability of local property taxes.

The bill in its current form could cap the deductability of mortgages at $ 500,000 and of property taxes at $ 10,000.