Taxes

Today is the deadline to file your federal along with your New York State income tax returns and New York is extending the hours for its tax filing information call center.

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

The State Comptroller’s office has halted $21.2 million in questionable personal income tax refunds after finding 6,353 improper filings among those filed so far this year.

Today is April 15, the day your tax returns must be completed and postmarked by midnight.

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. Rea

Refunds totaling just over $65 million may be waiting for an estimated 62,000 New York taxpayers who did not file a federal income tax return for 2009, the Internal Revenue Service announced.

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.

A study commissioned by convenience stores concluded smokers don't pay taxes on half of all the cigarettes they smoke in New York State. The study says the state loses at least $1.67 billion in tax revenue on those cigarettes, which are bought at Indian reservations, military bases, duty-free or in states where taxes are lower. That doesn't include black-market and counterfeit cigarettes. Read Mor

Residents of the city of Norwich are upset with a proposed tax rate of 9.84 percent for 2013.