Tax

Tom Puckett
January 28, 2019 - 4:00 am
Buffalo, NY (WBEN) And so it begins. The federal tax filing season begins today, and changes in the federal code along with the impacts of the government shutdown may confuse filers. More on the impact of the lengthy shutdown later, but first the tax questions, which will be plentiful according to...
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USA Today Images
Amherst, NY (WBEN) - The new tax law won't impact your return until next year, but that hasn't stopped many from asking questions while filing ahead of this year's deadline. As tax day rapidly approaches on April 17, many are wondering what the tax law overhaul will mean for next year's return. "...
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Dave Debo
January 16, 2018 - 6:25 am
(WBEN) In his State of the State message earlier this month, Governor Andrew Cuomo said Santa Claus skipped New York State this year. Later today, he is expected to unveil a budget proposal that deals with a $4 Billion deficit, reforms state taxes in light of federal changes, and is expected to...
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Dave Debo
January 09, 2018 - 6:01 am
(WBEN/AP) Gov. Andrew Cuomo is considering big changes to the state tax code to blunt the blow of the federal tax overhaul. The new federal tax code significantly limits a popular deduction for state and local taxes, meaning many people in high-tax states such as New York could see big increases in...
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USA Today Images
ALBANY, N.Y. (WBEN/AP) - Governor Andrew Cuomo says taxpayers can soften the blow of the federal tax overhaul by paying some of their local property taxes now so they can deduct the payments from their 2017 federal taxes. The governor signed an executive order last week allowing New Yorkers to pre-...
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December 23, 2017 - 5:50 pm
ALBANY, N.Y. (WBEN/AP) — Some New York taxpayers may want to "postpone the pain" of the new federal tax overhaul by paying some of next year's local property taxes before Jan 1, Democratic Gov. Andrew Cuomo said Friday. Cuomo signed an executive order Friday allowing the pre-payments. It will be up...
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December 19, 2017 - 6:30 am
(WBEN/AP) In a high tax state like New York, the preservation of state and local tax deductions is being touted as a particular not-as-bad-as-first-thought benefit of the new tax code that the House of Representatives is expected to pass Tuesday. The lack of proposed cuts to historic preservation...
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Tom Puckett
December 01, 2017 - 4:00 am
Buffalo, NY (WBEN) As the Senate prepares to vote on the GOP tax bill, one local tax expert says the results may not be as dramatic as you may think. The one thing Dave Barrett of Freed Maxick says he's looking at closely is if there will be slippage on the 20 percent tax rate for corporations. "...
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Dave Debo
November 28, 2017 - 7:00 am
Senate Republicans are indicating they still have a way to go to secure the votes for their tax overhaul. A second GOP senator, Steve Daines of Montana, announced Monday that he opposes the tax bill in its current form. Sen. Ron Johnson of Wisconsin has already said he oppose the bill. Both...
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AP Photo
Dave Debo
October 05, 2017 - 6:53 am
(WBEN/AP) Congress will start debate on President Trump's tax reform plan in the next several days, as part of some upcoming budget votes. But some of the debate has already occurred -- with a look back at the 1980s and President Ronald Reagan's massive cuts that didn't jumpstart the economy as...
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