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State and local government

New York's wealthy balk at the new tax law

by Ryan Kailath
Jan 9, 2018
They pay half of the city's income tax revenue. Now that they can't deduct it, some may leave.
At age 71, Diane Gilman finally got her dream penthouse on Fifth Avenue in New York City.
Ryan Kailath/Marketplace
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Officials fight to keep the state and local tax deduction

by Adriene Hill
Sep 22, 2017
GOP lawmakers consider eliminating it as apart of a tax-reform plan.
Anticipating a high volume of calls and the ensuing backlog, the IRS is urging people to prepare as much as possible this tax season.
Justin Sullivan/Getty Images
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