State taxes

The Senate looks to ease the burden on taxpayers who travel to work in multiple states.

The justices questioned a state’s ability to tax income from a trust based on the beneficiaries residing there before taking any distributions.

It’s tax time for everyone, but for entrepreneurs in the rapidly growing cannabis business, it’s a particular challenge.

House Democrats are looking to find a compromise solution to the Republican tax law’s cap on the amount of state and local levies that can be written off a federal return, a limit they say has caused their constituents to lose out on billions of dollars of deductions.

Tax pros weigh the pros and cons of different levels of filing this year.

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.

The next steps in the ongoing responses to the Supreme Court’s South Dakota v. Wayfair decision.

A new limit on the amount of state and local levies that can be deducted has costly and confounding implications for some, especially in high-tax places.

In a case involving treaty rights versus state taxation, the justices narrowly decided in favor of tribal members.

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.

The Institute for Professionals in Taxation will hold its two State Income Tax Schools this July in Hartford, Conn. for SALT professionals.

The main tax revenue for U.S. states declined by an average of almost 2 percent during the last three months of 2018 from the same quarter a year earlier.

New York Assembly Speaker Carl Heastie added momentum to the idea of taxing non-resident owners of multi-million dollar apartments as a way to help pay for billions of dollars of regional transit improvements.

The Internal Revenue Service is considering issuing rules that could invalidate some of the last remaining strategies in New York and Connecticut to circumvent the state and local tax, or SALT, deduction cap that kicked in for the 2018 tax year.

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.

Some of the states that are paying the highest amounts in federal taxes are also the ones that will be hurt the most by the $10,000 limit on the SALT deduction.

National Football League veteran Ndamukong Suh has always mixed football with finance, considering things like state taxes when weighing where to play.

By setting a $10,000 cap on how much Americans can deduct in state and local taxes Washington created a pricey problem for the privileged in some parts of the country. But even before the law, there were rich people in blue states trying this strategy. Here are a few of the more colorful examples of litigation between wealthy residents who claimed to have moved and jilted states that didn’t quite believe them.

High-tax states are trying different strategies to help taxpayers reclaim a lost deduction.

Amazon.com Inc. walked away from billions of dollars of public subsidies when it announced Thursday it was abandoning plans for an office complex in New York. But it can still qualify for federal tax breaks intended to help distressed communities by building a new Virginia data center in America’s wealthiest county.