Andrew Cuomo

A new limit on state and local tax deductions isn’t forcing taxpayers to leave some states, according to Moody’s Investor Service.

For New York City’s luxury real estate brokers, a new mansion tax certainly isn’t welcome news, but it’s better than the alternative.

New York lawmakers approved a budget that allows for tolls on cars entering midtown Manhattan, increases sales taxes on multimillion-dollar city homes and ushers in a statewide ban on single-use plastic bags.

Politicians in mostly Democratic high-tax areas say the new federal cap on state and local tax deductions hurts their residents, but most never got it in the first place.

High-end real estate brokers in New York worry that foreign second-home buyers are feeling under assault from all sides and may end up going elsewhere.

Politicians from New York, New Jersey and other high-tax states may be making a lot of noise, but the new $10,000 limit on deductions for state and local taxes, or SALT, isn’t going anywhere any time soon.

About 10.9 million people are losing out on one of their most prized tax breaks — the deduction for state and local taxes.

New York Governor Andrew Cuomo is rallying a team of governors from fellow high-tax states to push Congress to repeal the cap on deductions for state and local taxes — an effort that looks doomed to fail.

The president and the governor will discuss a change in the 2017 tax law that limits the SALT deduction.

City Council members thrashed the retailer for its resistance to unions, working conditions at warehouses and its founder’s wealth.

A New York state lawmaker has introduced a bill that would make President Donald Trump’s “opportunity zones” tax break less valuable to real estate developers.

New York collected $2.3 billion less income-tax revenue than predicted for December and January, and the governor blamed the new federal tax law.

The IRS is blocking the charitable workarounds high-tax states like New York approved in response to the tax law’s $10,000 limit.

The Internal Revenue Service put the tri-state area on notice: The charitable workarounds New York, New Jersey and Connecticut approved following the new federal cap on deductions for state and local taxes aren’t acceptable to the federal government.

New York state will stop basing its capital gains tax on federal government regulations if President Donald Trump follows through on his proposed unilateral change in how the levy is determined, Governor Andrew Cuomo said.

New York Governor Andrew Cuomo’s administration is investigating whether President Donald Trump’s charitable foundation violated state tax laws, said a person familiar with the probe.

New York State approved a fiscal year 2019 budget that contains provisions to lessen the impact of the new limitations on state and local tax deductions under the Tax Cuts and Jobs Act that Republicans in Congress passed last December.

New York Governor Andrew Cuomo announced plans Thursday to target a tax break for investment fund managers in his state.

New York state would end income taxes on wage earners and make up the revenue with an employer payroll tax that’s federally deductible as part of a restructuring plan that Governor Andrew Cuomo is recommending to mitigate harmful effects of the new U.S. tax code.

In liberal bastions like metro New York and California, the Trump tax overhaul has been criticized as economic warfare. But as elements of the plan come into focus, tax experts are concluding that some of the most dire predictions for high-tax blue states—particularly surrounding the treatment of state and local taxes—may not pan out as feared.