News

State, federal tax shifts could pack nasty one-two punch

Written by The Associated Press | Nov 13, 2017 6:00 AM
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(Harrisburg) -- Movement in Pennsylvania to slash school property taxes and Congress' bid to cut federal taxes could pack a nasty one-two punch to some taxpayers.

Tax analysts say that both seem sure to produce winners and losers.

Some income taxpayers in Pennsylvania could even lose twice, in a sort of double-whammy, if Pennsylvania shifts a bigger school funding burden to income taxes and Congress eliminates the federal deduction for state taxes.

Each effort took a big step forward last week.

Some taxpayers will win and some will lose in a swap of school property taxes for higher state income taxes.

But Jay Brower Jr., a certified public accountant in Jenkintown, says if Congress also kills the state tax deduction, there will be more losers.

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