State taxes

A millionaire levy in Massachusetts has generated $3 billion more in revenue than expected without forcing significant high-profile departures from the state.

The One Big Beautiful Bill Act will boost the number of filers who must calculate their AMT. But that doesn't mean they're all going to have to pay it.

Starting next year, more households will need to calculate or pay the AMT. The rules are complicated. Here's how financial advisors can prepare themselves — and clients — for the changes.

It's time to revisit the $10,000 cap considering a new $40,000 limitation under the OBBBA.

New York State's revenue could feel the impact of the One Big Beautiful Bill Act unless it makes changes in its tax laws.

The use of multiple entities as a means of shifting a high net worth client's yearly income could help rack up bigger breaks, with some caveats.

The dozen states that implemented a refundable CTC program in the wake of the pandemic held down child poverty rates relative to states that didn't act.

The state and local tax deduction has always been a political flashpoint, but its impact goes far beyond politics.

A federal appeals court has ruled unconstitutional a provision of a Maryland law that prevents companies from displaying a digital ad tax charge on a bill.

A new study predicts the One Big Beautiful Bill Act will reduce federal taxes on average for individual taxpayers in every state, but the impact will differ.

The One Big Beautiful Bill Act presents some complexities for wealthy families, alongside its extension and expansion of provisions in the Tax Cuts and Jobs Act.

Areas around Jackson Hole, Aspen, Palm Beach, Miami, New York, Dallas and Austin are in the group. Other top performers may come as more of a surprise.

When a company considers adding new jobs or making new investments, many state and local authorities offer tax incentives to support that growth.

What many taxpayers do not realize is that their property tax assessment can — and in many cases should — be reviewed and appealed.

Rep. Jason Smith said lawmakers from high-tax states should support the $30,000 limit his committee put on the state and local tax deduction.

The debate over state and local tax deductions has been a thorny fight because it's a political priority for a small but vocal group of Republicans.

The state and local tax issue has been one of the most contentious for the House GOP to resolve.

Key House Republicans discussed ways to direct an expanded state and local tax deduction to those making less than $400,000.

Republican lawmakers pushing for the expansion of the state and local tax deduction are slated to meet with House Speaker Mike Johnson about the $10,000 cap.

New taxes passed in the final days of the state's legislative session shift more of the tax burden to technology companies like Amazon and Microsoft.