Tag Archives: cap
2% Property Tax Cap Set for New York in 2023
For the fourth time since 2019, New York’s property tax cap will be 2%, for 2023. The property tax limit is set to the rate of inflation or at 2% whichever is lower. Since we are experiencing soaring inflation rates, … Continue reading
Car Manufacturers Pushing for Congress to Lift Electric Vehicle Tax Cap
Recently, many of the major electric vehicle producers have asked Congress to lift the cap on how many individuals can receive the Qualified Plug-In Electric Vehicle (PEV) Tax Credit for purchasing a hybrid, or fully electric vehicle. As it now … Continue reading
SALT Deduction Cap Challenge – DENIED!
This past Monday, the Supreme Court declined to review a challenge on the $10,000 ceiling imposed on the state and local tax (SALT) deduction. The SALT deduction cap was one of the most controversial provisions made in the 2017 tax … Continue reading