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Tuesday, dec 24
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Federal Tax Law
Schools
Maloney's Bid For Fourth Term Faces Challenge From Retired Police Commander
This story has been updated. U.S. Rep. Sean Patrick Maloney and James O’Donnell, the Republican challenging him for New York’s 18th Congressional District seat, have major differences over federal tax law and abortion rights as well as whether Maloney's heart is still in the job after six years. The 18th Congressional District includes Orange and Putnam counties in addition to parts of northern Westchester and Dutchess counties. The district tipped slightly in favor of Donald Trump during the 2016 presidential election. Maloney, 52, is an openly gay Democrat, whom O'Donnell, 67,…
Business
Report Explores Why Westchester Home Values Are Getting Hit By 'Dramatic' Price Reductions
Westchester residents, many trying to avoid the hefty tax bill that 2018 promises, are finding themselves in an unforgiving buyers’ market, according to this report by TheRealDeal.com. Daily Voice recently detailed the plummeting price phenomenon in this report. It marks the fourth consecutive quarterly decline in Westchester’s home sales. Prices in Westchester fell 18 percent in the second quarter of 2018, with homes asking between $1.5 million to $3 million faring the worst, according to Bloomberg and this Crain's New York Op-Ed piece. In Scarsdale alone, prices dipped 5 percent in the …
Real Estate
Report Explores Why Westchester Home Values Are Getting Hit By 'Dramatic' Price Reductions
Westchester residents, many trying to avoid the hefty tax bill that 2018 promises, are finding themselves in an unforgiving buyers’ market, according to this report by TheRealDeal.com. Daily Voice recently detailed the plummeting price phenomenon in this report. It marks the fourth consecutive quarterly decline in Westchester’s home sales. Prices in Westchester fell 18 percent in the second quarter of 2018, with homes asking between $1.5 million to $3 million faring the worst, according to Bloomberg and this Crain's New York Op-Ed piece. In Scarsdale alone, prices dipped 5 percent in the …
Politics
County Taxpayers Being Unfairly Targeted, Schumer Says In Westchester Visit
Standing with Westchester County homeowners, U.S. Senate Minority Leader Charles "Chuck" Schumer called on the IRS on Monday, June 25 to treat fairly a new state law aimed at reducing taxes. In a letter to the IRS' acting commissioner, Schumer asked the federal agency to support the state law, which enables cash-strapped New Yorkers to ease the tax burden caused by a federal tax bill that capped State and Local Tax (SALT) deductions at $10,000. New York tax law would allow residents to receive more tax credits for charitable donations to help reduce state and federal taxes. Sc…