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New Yotk - Federal Tax Breaks Proposed for Sandy Victims

Dec 09, 2012 at 03:24 PM

New York - Two Democratic senators are proposing federal tax breaks to help victims recover faster from Superstorm Sandy. Sens. Charles Schumer of New York and Robert Menendez of New Jersey want to make all repair expenses fully tax deductible, reducing the tax bite of victims in their returns covering the current year. The breaks would also include credits to subsidize home and business...

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