Tax collections were $18 million below updated projections during July, but receipts since the start of the fiscal year were 13.3 percent higher than last year because of strong personal income tax (PIT) receipts in April.
The July cash report released by New York State Comptroller Thomas P. DiNapoli also found July tax collections were 5.2 percent higher than last year, largely from an additional
A report released Tuesday says that in 2014 approximately 1.5 million New Yorkers will be eligible for premium tax credits that will help them pay for health coverage.
According to the report by Families USA, a national health consumer organization, most of those eligible for the premium tax credits will be in working families and have incomes between, $47,100 and $94,200 for a family of four.
The IRS reminds taxpayers to choose tax return preparers carefully.
As the April 15 tax return filing deadline approaches, taxpayers are reminded of the importance of finding honest and qualified tax professionals if they need help with preparing and filing their tax returns.
Local sales tax collections in New York State grew by $450 million in 2012, an increase of only 3.3 percent from 2011, according to a report issued Thursday by State Comptroller Thomas DiNapoli. New York City had a slightly better growth rate of 3.5 percent.