New Jersey Governor Phil Murphy speaks after taking the oath of office in Trenton, New Jersey, January 16, 2018. Lucas Jackson | Reuters New Jersey is suing the Internal Revenue Service, challenging new rules that would block states’ attempts to get around a new $10,000 cap for state and local tax deductions. The state’s governor,
Personal finance
Getty Images New Yorkers are paying the heftiest state income taxes. Residents in the state paid $2,249 per capita in individual state income taxes during the 2017 fiscal year, according to data from the Tax Foundation. Connecticut came in second with $2,218. Massachusetts followed in third: $2,146. Meanwhile, there are seven states that don’t tax
Former Vice President Joe Biden takes the stage for the second night of the first Democratic presidential debate on June 27, 2019 in Miami, Florida. Drew Angerer | Getty Images If you missed out on a deduction for state and local taxes on your 2018 return, you’re not alone: Former vice president Joe Biden and
Blueflames | Getty Images The average family doesn’t feel as good today as yesterday. Middle-class Americans are less optimistic about their economic prospects than they were just six months ago, according to a new report from CUNA Mutual Group. Although the majority of those polled said they feel relatively stable overall, they graded their chances
It’s become one of the biggest shopping events of the year, yet some discounts are better than others. The 48-hour Amazon Prime Day extravaganza kicks off July 15, with more than 1 million deals for members, including intermittent “lightning deals.” For example, the Toshiba HD 43-inch Fire TV Edition Smart TV is now $179.99, a $120