State taxes

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.

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.

Wayfair and the Tax Cuts and Jobs Act continue to dominate.

A study finds the area accounted for a revenue increase of $847.1 million.

States are scrambling to figure out how to apply the ruling.

A primer on what the landmark sales tax ruling means for businesses.

Signs are emerging that some disgruntled taxpayers are jumping at the chance to cut their taxes by moving to the Sunshine State.

Over 30 states now have a 10 Business Day Rule in place.

The Internal Revenue Service is offering business taxpayers some breaks related to the state and local tax deduction that was limited under the Tax Cuts and Jobs Act, but only when they make charitable contributions.

Experts see the state’s position spurring sellers to sit up and take notice.

California can be pretty aggressive when it comes to collecting taxes.