Tag Archives: NY
NY Among Highest Property Taxes in Country, According to a Report
According to a report by the personal finance website WalletHub, NY homeowners are among some of the highest paying in terms of property taxes across the country. New York has the eight highest property taxes in the country as stated … Continue reading
NY Family Tax Credits Could Expand
Since the expiration of a federal expansion of tax credits for families last year, NY lawmakers want to make it a key provision in the state. This would be meant to give increased support to families with kids younger than … Continue reading
Governor Hochul Announced a Proposal to Increase Cigarette Tax
In a Proposal announced on Tuesday by Gov. Kathy Hochul, the state wants to increase the cigarette tax by $1 and ban all flavored tobacco products. This proposal came in her State of the State Address. This announcement came in … Continue reading
Wealthy New Yorkers Are Leaving the City in Bunches, Here’s Where They’re Going
New Yorkers earning between $150,000 and $750,000 fell by almost 6% between 2019 and 2020, according to the NYC Independent Budget Office. The number of real high earners ($750,000+ per year) dropped by nearly 10% in that time. The speculations … Continue reading
NY Lawmakers Look to Incentivize School Employees to Ease a Shortage
New York state legislators are considering a proposal to offer a tax incentive to school employees as a way to address the ongoing shortage of educators in the state. The measure, which was introduced in the state Assembly would provide … Continue reading
NY Lawmakers Eye Revamped & Expanded Child Tax Credit
Lawmakers in New York looking to get more cash back into the pockets of residents by restructuring the Child Tax Credit. Backers of the newly proposed model which was unveiled on Thursday, say that this restructure could decrease child poverty … Continue reading
NY Sportsbooks Call for Lower Tax, Arguing that 51 Percent is too High
Since January of this year, online sports betting has been legal in the state of New York. Sports betting, in general, is extremely popular across the country, with 30 states including the District of Colombia now having access to legal … Continue reading
NY Suspends Gas Tax Until 2023
No matter who you are, the odds are that you have been affected in some way by the rapid rise of gas prices seen throughout the country. This recent surge has posed a huge inconvenience for most Americans, forcing them … Continue reading
New York To Suspend Gas Tax
As lawmakers in Albany came to a “Conceptual” budget agreement last week, part of that agreement involves giving New Yorkers some much-needed relief at the gas pump. Governor Hochul announced that New York State plans to suspend its gas tax… Continue reading
New NY State Property Tax Credit – Don’t Miss Out!
New York has created a property tax credit for homeowners who earn under $250,000 a year and pay over 6% of their income in property taxes. The credit amount will be between $250 and $350 (the maximum) with … Continue reading