tax deductions

Governor Phil Murphy and Attorney General Gurbir Grewal announce a federal lawsuit to overturn IRS rule invalidating New JerseyÕs efforts to restore property tax deductibility on July 17, 2019, in South Orange.
Edwin J. Torres/N.J. Governor's Office.
David Madden
July 17, 2019 - 1:58 pm
SOUTH ORANGE, N.J. (KYW Newsradio) — New Jersey is joining two neighboring states to the north in filing a federal lawsuit that, if successful, would remove caps on state and local tax deductions imposed by the IRS as part of the Trump tax plan. The suit, which includes New York and Connecticut,...
Read More
designer491/Getty Images
David Madden
June 17, 2019 - 4:00 am
PHILADELPHIA (KYW Newsradio) — The Department of the Treasury has adopted new IRS rules that put serious limits on a plan New Jersey and other states wanted to use to get around President Trump’s limits on state and local tax deductions. But the Garden State won’t end their battle to get around the...
Read More