NYS tax code's workaround

Name: NYS tax code's workaround
Uploaded: 2018-04-03T02:11:00+00:00
Duration: 2 min 12 s
Description: The New York State tax code is changing to provide a workaround to the new federal $10,000 cap on the state and local tax deduction. However, some tax policy analysts are doubtful the IRS will go for it. Gov. Andrew Cuomo believes that the new federal tax code is an attack against New Yorkers. In response, Cuomo restructured the state tax code as part of next year's state budget.

The New York State tax code is changing to provide a workaround to the new federal $10,000 cap on the state and local tax deduction. However, some tax policy analysts are doubtful the IRS will go for it. Gov. Andrew Cuomo believes that the new federal tax code is an attack against New Yorkers. In response, Cuomo restructured the state tax code as part of next year's state budget.

Posted April 2, 2018 10:42pm EDT