State taxes

The billions in student loan debt forgiveness announced by the Biden Administration will be exempt from federal taxation but could be taxable at the state level in more than a dozen states — a hiccup many states are expected to quickly handle.

The Empire State is expanding a tax break that allows smaller companies to circumvent the $10,000 limit on state and local tax deductions.

If states adopt the recommendation, businesses would not only need to limit themselves to sales solicitation, but also remain below the state economic nexus threshold to avoid state income tax.

Accountants have been helping their clients deal with the tax and financial implications of marijuana and CBD businesses.

More than half of U.S. states are using record budget surpluses to fund their biggest collective tax break in decades.

Bloomberg Tax and Accounting’s annual state tax survey reveals nationwide trends in nexus policies and more.

Two U.S. states are steaming ahead with programs that will permit taxes to be paid in cryptocurrency, but the idea has been shelved almost everywhere else.

An estimated 800 sales tax bills are under consideration by state legislators each month, according to a new report, as lawmakers grapple with the complexity of sales and use tax four years after the Supreme Court handed down the South Dakota v. Wayfair decision.

Allen Weisselberg, facing a tax fraud trial, argued that state prosecutors are improperly trying to enforce federal laws.

New Jersey will expand its planned property-tax relief program, providing more than $2 billion to more than 2 million households, Governor Phil Murphy said.