Taxes
Hans Pennink/AP

Your local charity, the state government

New York | New York governor offers ‘protection’ from new federal tax law through donations to state government
by Emily Belz
Posted 8/02/18, 09:06 am

A New York moment:

A lot of attention up here in the Northeast has focused on the (likely frivolous) lawsuit that New York, New Jersey, Connecticut, and Maryland recently filed against the new federal tax law. Although the federal tax reform passed last year reduces New York’s federal tax burden overall, it sets a $10,000 cap on state and local tax deductions.

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Associated Press/Photo by Susan Walsh

Tax deadline extended by one day

by Kiley Crossland
Posted 4/18/18, 11:11 am

American taxpayers have an extra day to pay their 2017 taxes. The IRS on Tuesday extended the filing deadline to midnight on Wednesday after an e-filing glitch. Earlier in the day, a notice on the IRS website told users the site was down for a “planned outage” until Dec. 31, 9999, but noted the agency still expected Americans to pay their taxes on time. Treasury Secretary Steve Mnuchin said Tuesday the outage was a “high-volume technical issue.” The site was back up and working by Tuesday evening.

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Associated Press/Photo by Eric Gay (file)

States sue to end Obamacare

by Evan Wilt
Posted 2/27/18, 11:37 am

Twenty states sued the federal government Monday seeking to invalidate Obamacare now that Congress has axed the tax penalty for not having individual health insurance. In the lawsuit, the states claim Congress’ decision to undo the individual mandate penalty, part of the Republican tax bill President Donald Trump signed into law in December, invalidates the entire healthcare law.

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