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New York Tax Law

NY Tax Credit For First Time Home Buyers

by taxnick on August 10, 2009

New York State yesterday rolled out a mortgage tax credit for first-time home buyers, a federal income tax deduction that can be taken each year they pay interest on the loan.
The program, called the Mortgage Credit Certificate, would allow home buyers to take a dollar-for-dollar deduction of 20 percent of mortgage interest paid, Gov. David [...]

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New York Tax Law Doesn’t Affect All Libraries

by taxnick on July 28, 2009

A new New York state law that makes it easier for residents to eliminate taxing districts won’t help those who want to get rid of a special Town of Union tax that supports two village libraries.
Union attorney Kurt Schrader said Your Home Public Library in Johnson City and George F. Johnson Memorial Library in Endicott [...]

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