Comment on Schumer pushes to preserve tax deductions for middle class

Schumer pushes to preserve tax deductions for middle class

Schumer says reductions or removal of the deductions would hit New York especially hard due to local cost of living and higher local property tax burden. Under the current system, taxpayers who itemize deductions on their federal income tax returns can deduct state and local real estate and personal property taxes as well as either income taxes or general sales taxes.

 

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