Sentences with phrase «new federal tax»

«Real estate sales in Manhattan plunged 25 percent in the first quarter from a year ago, as the new federal tax law, stock market swings and a glut of luxury condos spooked buyers.

The new federal tax law puts a limit on property tax deductions, causing some homeowners to find it beneficial to appeal their property taxes.

Housing and economic indicators give reason for this optimism, with or without new federal tax legislation.

Even though various special interest groups were quick to say the new federal tax overhaul would reduce prices of homes because it would limit financial benefits for home buyers, the plan will have little effect on the real estate market in San Diego.

Reluctant buyers may also think the new federal tax plan will adversely affect home prices — but with limited inventory and high demand, the federal tax plan will have a minimal impact on property values in San Diego, if any at all.

Be aware that under the new federal tax law, the cap to the mortgage interest deduction will be lowered from $ 1 million to $ 750,000.

Now, with prices projected to fall even further, and with new federal tax incentives greater than they've ever been — up to 30 % of the cost of the system for qualifying taxpayers - solar power will be on the rise.»

How does the new child tax credit work with divorced parents (who qualifies, who gets the check, what about conflicts with agreements or orders before the new federal tax law?)

In 1984 a new federal tax law required that for permanent insurance to enjoy preferred tax treatment it must provide coverage up to at least age 95, limit the amount of premium that may be paid in relation to the face amount of coverage and establish a minimum ratio between cash value and face amount of insurance.

The Tax Cuts and Jobs Act, the sweeping new federal tax law enacted at the end of December 2017, contains a provision that will likely have a significant effect on how employers resolve claims involving sexual harassment.

One of the more confusing provisions of the new federal tax code centers on how 529 - plan savings account money can be used.

Consult your legal or tax professional for tax advice, including the impact of the new federal tax changes.

HOUSTON, Feb. 23, 2018 — Last month, the IRS released guidelines requiring employers across the country to apply new federal tax withholding tables to paychecks by February 15th.

The new federal tax bill awaiting President Donald Trump's signature spares some concerns for cities and historic preservation groups, but it takes away a positive tool for governments in refinancing debt and removes tax benefits from commuters.

Politico reported last week that advocates are encouraging the Trump administration, which has been vocally supportive of school choice, to do just that, pushing for a new federal tax - credit scholarship.

These policies were generally limited to public schools, but a new federal tax - credit program would be likely to make private schools newly vulnerable to federal regulation.

But that doesn't mean it's a good idea to take the approach nationwide via a new federal tax credit.

A new federal tax - credit program could give Washington new power to regulate private schools.

As charter schools across the country struggle to keep up with demand, a new federal tax incentive could hold the...

A new federal tax incentive could hold the key to spurring billions of dollars in investment in low - income areas with limited access to quality public charter school options.

To help out cash - strapped states, he recommended a new federal tax, along the lines of E-Rate, to help participating states cover the costs.

While states can and should continue to create facilities options for their charter schools, a new federal tax incentive has the potential to lighten that load for hundreds, even thousands, of charter schools across the country.

As charter schools across the country struggle to keep up with demand, a new federal tax incentive could hold the key to spurring billions of dollars in investment in low - income areas with limited access to quality public charter school options.

A new federal tax credit for carbon capture utilization and sequestration, or CCUS in industry jargon, has prompted a surge of interest in the sector (Greenwire, March 12).

Other reforms Hawkins is calling for include a windfall tax on pharmaceutical companies» opioid wealth, a surtax on high - dollar pass - through income from LLCs and other pass - through vehicles, a clawback of the new federal tax cuts if not used to increase workers» pay, home rule for local income taxes, and tax credit «circuit breakers» to protect low - to - moderate income tenants and homeowners from unaffordable rents and property taxes.

The new federal tax code limits local property tax deductions.

ALBANY — Gov. Andrew M. Cuomo's idea to shift some state and local tax payments owed by individuals to a payroll tax paid by employers so many New Yorkers don't lose thousands of dollars under a new federal tax law is supported in concept by many tax policy experts.

TAX CHANGES: Cuomo pushed to include some tax measures to help ease the pain of the new federal tax code for homeowners expecting to see their taxes go up.

The new federal tax law negatively affects wealthy New Yorkers because they tend to itemize their deductions and the new higher standard deduction is not enough to cover what they pay in state and local taxes.

Just last week, on February 22, 2018, Ombudsman - Alert discussed the bi-partisan federal legislation introduced by congresspersons Nita Lowey and Peter King to completely restore the SALT deductions, which was limited to 10K, in the new federal tax code, to begin in the tax year 2018!

Gov. Andrew Cuomo on Friday claimed Abe Lincoln as an ally in his fight against the new federal tax code.

Also included: new money for public schools and water quality and several tax changes intended to help New Yorkers negatively impacted by the new federal tax law.

Gov. Cuomo used the state budget process Monday to target sex offenders and the new federal tax law.

ALBANY — Gov. Andrew M. Cuomo has proposed legislation that could create more than 2,000 new local government entities to accept charitable donations from residents who want to try to get around limits on state and local taxes in the new federal tax law.

Both plans were quietly unveiled late Thursday night by Cuomo — after weeks of openly discussing the need for New York to create an end - run around the new federal tax law because of the new restrictions on state and local tax deductions.

ALBANY — Gov. Cuomo used the state budget process Monday to target sex offenders and the new federal tax law.

ALBANY, N.Y. (WBEN / AP)-- Some New York taxpayers may want to «postpone the pain» of the new federal tax overhaul by paying some of next year's local property taxes before Jan 1, Democratic Gov. Andrew Cuomo said Friday.

ALBANY, N.Y. (AP)-- Some New York taxpayers may want to «postpone the pain» of the new federal tax overhaul by paying some of next year's local property taxes before Jan 1, Democratic Gov. Andrew Cuomo said Friday.

He framed the proposal as a way to hit back at the new federal tax law, which he called «the biggest giveaway to the wealthy and corporations in our history.»

Cuomo also talked about the possibility of establishing a payroll tax and exploring other avenues to help make up for lost state and local tax deductions under the new federal tax law.

The Senate suggests that the city adopt the cap in light of the new federal tax law, which eliminates federal income tax deductions for state and local taxes (SALT).

Deputy County Executive Bill Fisher says this is a good year to start the program, because of the implications of the new federal tax bill, which doesn't allow taxpayers to deduct as much state and local taxes on their federal income taxes.

Governor Andrew Cuomo unveiled his executive budget for the next fiscal year on Tuesday, centering his presentation around the threat to New York posed by the new federal tax code and possibilities for combatting it and other policies from Washington, D.C..

In addition the resident could deduct his charitable contribution on his federal tax return, since the new federal tax law does not curb charitable deductions.

He says for workers who have to pay more in taxes under the new federal tax overhaul, this could help make them whole.

And it wants a state - level plan to «recapture» some of the savings large corporations are receiving through the new federal tax law, something Cuomo has proposed in his budget.

Governor Cuomo introduces his budget plan next week, and says he wants to include a plan to shift the state income tax to a payroll tax, in order to get around the loss of state and local tax deductions in the new federal tax law.

The final budget is also expected to include two end - run options for taxpayers who face limits on how much they can deduct annually in state and local tax payments under a new federal tax law.

Cuomo has proposed far more sweeping changes to the state's tax code that he says are needed to soften the blow of the new federal tax law, which will raise the federal taxes of many New Yorkers by capping a deduction for state and local taxes at $ 10,000.

Also at 10 a.m., Assemblyman Anthony Brindisi, the NY - 22 Democratic candidate, will «call out every New York member of Congress and urge them to preserve critical tax deductions now at risk» as the new federal tax plan makes its way through D.C., 16 Benton Circle, Utica.