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Taxpayers in New York who are on the verge of missing Tuesday's deadline to file 2022 income tax returns can request an extension. Daniel Hampton , Patch Staff Posted Tue, Apr 18, 2023 at 2:17 pm ET
It’s a fixed dollar amount that reduces taxable income. For the 2023 tax year, the standard deduction, adjusted for inflation, is $13,850 for single filers and married people filing separately ...
State income tax is imposed at a fixed or graduated rate on taxable income of individuals, corporations, and certain estates and trusts. These tax rates vary by state and by entity type. Taxable income conforms closely to federal taxable income in most states with limited modifications. [2]
Posted Fri, Jan 20, 2023 at 5:07 pm ET. It will soon be time to be able to file your taxes for 2022. (Shutterstock) HUDSON VALLEY, NY — Tax season starts Monday, Jan. 23, when residents of New ...
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Tax rates vary by state and locality, and may be fixed or graduated. Most rates are the same for all types of income. State and local income taxes are imposed in addition to federal income tax. State income tax is allowed as a deduction in computing federal income, but is capped at $10,000 per household since the passage of the 2017 tax law ...
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