Sentences with phrase «state tax codes now»
Recognizing that government can't pay the bill for long - term care, federal and a growing number of state tax codes now offer tax incentives to encourage Americans to take personal responsibility for their future long - term care needs.
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Now, governors and state legislators are considering how to adjust their own tax codes to shield residents from paying more or, in some cases, whether to apply any of the unexpected revenue windfall to other priorities instead.
It remains unclear what will be voted on since a plan to reshape the state's tax code remains very much up in the air, but specific numbers are on the negotiating table right now.
«We're going to look at the state tax code both in substance and in form,» Cuomo said last month, «and look for ways to both redesign our state code in response to this federal assault, and we're in the process of that now.»
«We're going to look at the state tax code both in substance and in form,» Cuomo said, «and look for ways to both redesign our state code in response to this federal assault, and we're in the process of that now.»
«We definitely need a much fairer tax code in New York state because right now the major challenge in New York state is how we're going to pay for our schools, our water systems, our infrastructure and just basic services the state is providing,» said Karen Scharff, the executive director of Citizen Action and a state co-chair of the Working Families Party.
So now Cuomo wants to change the state tax code so wealthy residents can continue those deductions.
Half of the states now have either a school - voucher program or a similar initiative that uses the tax code to subsidize the opportunity to attend a private school, according to EdChoice.
Consider the 529 college savings plan, an increasingly popular way to save for higher - education expenses, which have more than tripled over the past two decades — with annual costs (for tuition and fees, and room and board) of more than $ 45,000 per year for the average private four - year college.1 Named after the section of the tax code that authorized them, 529 plans (also known as qualified tuition plans) are now offered in almost every state.