Sentences with phrase «income under new federal law»

States therefore must look at whether to capture the opportunity to boost their tax revenue by conforming to a more inclusive definition of taxable income under new federal law.

Not exact matches

U.S. Sens. Charles Schumer and Kirsten Gillibrand should expect to get a federal income tax cut worth thousands of dollars next year under the new Republican tax law, which they both fought and voted against, based on their 2017 tax returns.

WASHINGTON — New York's two Democratic senators, Chuck Schumer and Kirsten Gillibrand, should each expect to get a federal income tax cut worth thousands of dollars next year under the new Republican tax law, which they both fought and voted against, according to projections based on their 2017 tax returNew York's two Democratic senators, Chuck Schumer and Kirsten Gillibrand, should each expect to get a federal income tax cut worth thousands of dollars next year under the new Republican tax law, which they both fought and voted against, according to projections based on their 2017 tax returnew Republican tax law, which they both fought and voted against, according to projections based on their 2017 tax returns.

ALBANY — The Cuomo administration on Wednesday detailed several proposals that could allow some higher - income, middle - class New Yorkers to avoid paying more federal taxes under the new tax cut law passed in Washington last monNew Yorkers to avoid paying more federal taxes under the new tax cut law passed in Washington last monnew tax cut law passed in Washington last month.

A report in Sunday's New York Times said Democrats in some states, perhaps including Governor Cuomo, were considering proposals to «replace state income taxes, which are no longer fully deductible under the new [federal] law, with payroll taxes on employers, which are deductible.&raqNew York Times said Democrats in some states, perhaps including Governor Cuomo, were considering proposals to «replace state income taxes, which are no longer fully deductible under the new [federal] law, with payroll taxes on employers, which are deductible.&raqnew [federal] law, with payroll taxes on employers, which are deductible.»

New Yorkers will make up 6.3 percent of U.S. taxpayers in 2019 but would pay 9 percent of the federal personal income taxes that year under current law.

As expected, the new budget amendments also include a proposed shift — for the increasing minority of taxpayers who will still itemize under the new federal law — away from state income tax payments to an employer - paid payroll tax system.

Cuomo's gambit is a way to keep higher - income New Yorkers who pay high local property taxes from facing much higher federal taxes under a new tax law signed by President Donald Trump in DecembNew Yorkers who pay high local property taxes from facing much higher federal taxes under a new tax law signed by President Donald Trump in Decembnew tax law signed by President Donald Trump in December.

Under the new federal law, the deduction for state and local property and income taxes is capped at $ 10,000.

Formed in reaction to a provision that allowed teachers in training to be identified under federal law as «highly qualified» and concentrated in low - income, high need schools, this group has developed a new, comprehensive framework for teaching quality that will allow the nation to put a fully - prepared and effective educator in every classroom and school.

Under the new Every Student Succeeds Act (ESSA), signed into law in December 2015, Title I remains the foundation of the federal commitment to closing the achievement gap between low - income students and their peers.

On October 17, 2005, new federal bankruptcy law in America requires anyone whose gross income is higher than the median income for their state to file bankruptcy under Chapter 13, instead of under Chapter 7.

Since new federal bankruptcy rules became law in October, 2005, anyone who has gross income higher than the median income for their state is required to file bankruptcy under Chapter 13, instead of under Chapter 7.