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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

DiNapoli: Contribute to a NY 529 College Savings Account and Deduct Up to $10,000 From Your State Taxes

New York State Comptroller Thomas P. DiNapoli today reminded New Yorkers that contributions to a New York State 529 College Savings Program account are tax deductible*.

New York’s 529 College Savings Program is an investment tool designed to help parents save for college. Contributions made by Dec. 31 can provide up to $10,000 in state tax deductions on 2016 income tax filings. Parents and other participants have paid for more than $1.1 billion in college-related expenses through the program since Jan. 1.

Comptroller DiNapoli & A.G. Schneiderman Announce Sentencing of Defendant For Stealing Over $148k in NYS Pension Benefits

New York State Comptroller Thomas DiNapoli and Attorney General Eric T. Schneiderman announced that Renee Kanas, 64, a resident of Tamarac, Florida, was sentenced in Albany County Supreme Court today to 6 months incarceration and 5 years of probation, $45,000 in restitution and a judgment in the amount of $103,092.24 for stealing over $148,000 in New York state pension benefits.  Kanas previously pleaded guilty to Grand Larceny in the Third Degree, a class D felony, in June 2016. 

DiNapoli: Consumers Should Read Fine Print On Gift Cards This Holiday Season

New York State Comptroller Thomas P. DiNapoli today urged New Yorkers to read the fine print on gift cards this holiday season for details about fees and expiration dates. While some gift card sellers have done away with inactivity fees, consumers should still ask whether fees apply when purchasing a gift card. As a rule of thumb, DiNapoli said New Yorkers should register the card with the retailer and use gift cards within a year of purchase to avoid inactivity fees.

DiNapoli Calls for State Procurement Reform

New York State Comptroller Thomas P. DiNapoli today proposed changes to the state’s procurement practices in the wake of criminal charges and allegations of corruption in the awarding of contracts for state economic development projects.