Tax Watch

A coalition of community, labor, faith, student and Occupy groups is calling on Gov. Andrew Cuomo and the Legislature to close several corporate tax loopholes members consider unfair. Doing so would raise nearly $1 billion for the 2013-14 state budget and “level the playing field” among New York-based small and medium-sized businesses… Read More →

The IRS released its annual inflation adjustments this week, including tax-rate schedules for 2013 and other tax changes from the American Taxpayer Relief Act of 2012. These are some of the major changes, according to the IRS: —The standard deduction increases from $5,950 to $6,100 for an individual and from… Read More →

New Yorkers could see more than $43 billion in tax hikes and lose $609 million in federal aid next year if Congress doesn’t take action on what’s known as the fiscal cliff, state Comptroller Thomas DiNapoli said in a speech today to the Business and Labor Coalition of New York… Read More →