new york city Archives

Avoiding the SALT Limitation – New York Enacts a Pass-Through Entity Tax to Help Taxpayers Work Around the SALT Limitation

July 1, 2021 By WFFA

The limitation on the deductibility of state and local taxes (“SALT”) at $10,000 was part of the Tax Cuts and Jobs Act back in 2017. Learn about New York’s pass-through entity tax to help you work around it.

I Live in One State and Work in Another, How Should I Withhold Taxes from my Paycheck?

June 12, 2017 By Jason Ackerman

You need to give careful consideration to your state taxes (and the Resident Credit) when you live in one state and work in another. We take a look at this situation for a hypothetical taxpayer who commutes from NJ to NYC.