Tax Updates | SAX

Tax Alert: Pied-à-Terre Surcharge Exemption Application Extended to October 6, 2026

Iimani McKnight — Mon, 31 Aug 2026 13:58:36 +0000

The deadline for filing the New York City Pied-à-Terre Surcharge request for exemption is extended to October 6th. For additional information visit: https://www.nyc.gov/site/finance/property/non-primary-residence-surcharge.page and/or contact the SAX SALT team.

The post Tax Alert: Pied-à-Terre Surcharge Exemption Application Extended to October 6, 2026 appeared first on SAX.

Tax Alert: New Jersey FY2027 Budget & Key Changes for Clients

Iimani McKnight — Tue, 04 Aug 2026 19:52:27 +0000

Executive Summary New Jersey’s FY2027 budget package includes several tax and fee changes that may affect 2026 estimated payments, employer compliance obligations, individual income tax planning, and data broker registration fees. Clients should review exposure now, particularly when provisions apply retroactively or create new near-term filing and payment deadlines as noted below. Most affected taxpayers: […]

The post Tax Alert: New Jersey FY2027 Budget & Key Changes for Clients appeared first on SAX.

Tax Alert: August 2026 Deadlines for Filing the NYC Pied-à-Terre Surcharge Exemption Application

Margaret Henn — Wed, 29 Jul 2026 14:26:31 +0000

Tax Alert: NYC Adopts Final Regulation and Issues Interpretive Policies on the Pied-à-Terre Tax

Iimani McKnight — Tue, 21 Jul 2026 18:58:47 +0000

Tax Alert: Construction Clients Potential Refund Claim

Iimani McKnight — Mon, 13 Jul 2026 20:09:48 +0000

There are two potential sales and use tax refund opportunities available to construction owners, developers and contractors as it relates to Site Safety Expenses and Bridge and Pipeframe rentals. Site Safety – NY courts have determined that NYS overreached in its application of the sales tax law on site safety expenses. The court ruled that […]

The post Tax Alert: Construction Clients Potential Refund Claim appeared first on SAX.

Tax Alert: Proposed Florida Property Tax Changes

Iimani McKnight — Tue, 07 Jul 2026 17:20:56 +0000

Overview of Proposed Florida Property Tax Changes Florida lawmakers have advanced a major property tax reform initiative that would materially expand the homestead exemption for primary residences. The proposal, titled the “Save Our Homes from Excessive Property Taxes” initiative and commonly referred to as Amendment 3 for the 2026 ballot, would phase in larger non-school […]

The post Tax Alert: Proposed Florida Property Tax Changes appeared first on SAX.

TAX ALERT: OMB Proposes Major Changes to Federal Grant Rules Again

Iimani McKnight — Thu, 11 Jun 2026 19:59:06 +0000

In 2024, OMB revised the Uniform Guidance with the goal of reducing administrative burden for federal funding recipients. The latest proposal takes a different approach. On May 29, 2026, OMB issued proposed revisions to the regulations governing federal financial assistance that would increase federal oversight, expand agency enforcement authority, introduce new compliance obligations, and provide […]

The post TAX ALERT: OMB Proposes Major Changes to Federal Grant Rules Again appeared first on SAX.

Tax Alert: New York State Enacts Pied-à-Terre Tax for Second Homes in New York City

Iimani McKnight — Fri, 05 Jun 2026 16:45:34 +0000

Overview New York State has enacted a new pied-à-terre tax (surcharge) on certain high-value New York City homes (“covered properties”) NOT used as a primary residence. “Covered properties” include Class 1 homes (one-, two-, and three-family homes) and Class 2 homes (residential condominiums and cooperatives (co-ops)). The surcharge takes effect on July 1, 2026. It […]

The post Tax Alert: New York State Enacts Pied-à-Terre Tax for Second Homes in New York City appeared first on SAX.

Tax Alert: COVID Postponement Refund Claims and IRS ERC Update

Iimani McKnight — Mon, 04 May 2026 17:04:52 +0000

Two court case decisions (Kwong v. United States and Abdo v. Commissioner) may create refund and abatement opportunities for certain taxpayers who were assessed and/or paid penalties and interest during the COVID postponement period which spanned from January 20, 2020 through July 10, 2023. In some cases, this could create an opportunity to seek recovery […]

The post Tax Alert: COVID Postponement Refund Claims and IRS ERC Update appeared first on SAX.

U.S. Tariffs: What Just Happened—and What It Means

Iimani McKnight — Mon, 23 Feb 2026 18:13:32 +0000

The U.S. tariff landscape continues to shift rapidly. On Friday, February 20, 2026, the Supreme Court issued a landmark decision striking down the president’s authority to impose sweeping tariffs under the International Emergency Economic Powers Act of 1977 (IEEPA). Just hours later, a 10% global tariff was imposed under Section 122 of the Trade Act of 1974, which increased to 15% the following day. The […]

The post U.S. Tariffs: What Just Happened—and What It Means appeared first on SAX.