New York State Standard Deduction For 2025 – Stay updated on the standard deduction amounts for 2025, how it works and when to claim it. Aimed at individual filers and tax preparers. . The limit was put in place as part of the sweeping tax cuts that a Republican-led Congress passed during then-President Donald Trump’s administration. The so-called SALT cap has led to bigger tax .
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New York State Standard Deduction For 2025 2023 State Income Tax Rates and Brackets | Tax Foundation: The legislation would have allowed some married couples in high-tax states to save on their Internal Revenue Service bills. . That question is at the heart of a new proposal the cap on the state and local tax (SALT) deduction—but just for one year. When you file your tax return, you have the option of itemizing your .