GOVERNOR CUOMO SIGNS LEGISLATION ALLOWING FULL UNION DUES TO BE DEDUCTED FROM NEW YORK STATE TAXES | NYSAFLCIO

May 24, 2017 Labor/Union Movement
GOVERNOR CUOMO SIGNS LEGISLATION ALLOWING FULL UNION DUES TO BE DEDUCTED FROM NEW YORK STATE TAXES | NYSAFLCIO

Governor Andrew M. Cuomo today signed new legislation allowing full union dues to be deducted from New York State taxes. The FY 2018 Enacted Budget creates a union dues deduction for New York taxpayers who itemize deductions at the state level equal to the amount currently disallowed at the federal level due to the 2 percent floor. The deduction is expected to save 500,000 hardworking men and women $35 million annually or about $70 per taxpayer per year.

“At a time when unions are under attack on the national level, New York is fighting even harder to preserve union jobs and uplift the middle class,”Governor Cuomo said. “By allowing full deduction of union dues, we are providing more than just a financial benefit, but also a strong demonstration of our unyielding commitment to defending union jobs as a pathway to the middle class.”

Currently, New Yorkers paying state and local taxes who make charitable contributions and pay mortgage interest are likely to claim itemized deductions on their federal tax returns. Many who itemize for federal purposes, may also itemize on their New York State tax returns.

Read more at GOVERNOR CUOMO SIGNS LEGISLATION ALLOWING FULL UNION DUES TO BE DEDUCTED FROM NEW YORK STATE TAXES | NYSAFLCIO

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