The New York City Department of Finance assesses your property annually to determine your property tax bill. From July to October each year, assessors and assistant city assessors conduct field …

Formerly called the Retirement Savings Contributions Credit, the Saver’s Credit gives a special tax break to low-to-moderate income workers who are saving for retirement. Contributions to a …

Interest is the amount you pay for the use of borrowed money. To deduct interest you paid on a debt on your tax return, you must be legally liable for the debt and you must be able to itemize your …

Charitable contributions made to qualified organizations may help to reduce your taxable income and lower your tax bill. The IRS has put together the following guidelines to help ensure your …

There are certain types of taxes that you can deduct on your tax return if you itemize on Form 1040, Schedule A. To be deductible on your tax return, a tax must be charged to you and you must have …

If you itemize your deductions on Form 1040, Schedule A, you may be able to deduct expenses you paid in 2024 for medical and dental care for yourself, your spouse and your dependents. Here are some …

For most taxpayers, the tax deadline has passed. But planning for next year can start now. The IRS reminds taxpayers that being organized and planning ahead can save time and money in 2023. Here are …

The Senior Citizen Rent Increase Exemption (SCRIE) is a vital program in New York City designed to help senior citizens manage their housing costs. Given the city's high cost of living, SCRIE offers …

As school winds down many students will hit the job market for summer employment. The Internal Revenue Service reminds students that not all the money you earn may make it into your pocket. That’s …

Congratulations if you recently updated your status from single to married, but you should be aware that marriage also brings about some changes with your income taxes. Here are several tips for …

The IRS receives thousands of reports each year from taxpayers who receive suspicious emails, phone calls, faxes or notices claiming to be from the Internal Revenue Service. Many of these scams …

Each year, the Internal Revenue Service sends millions of letters and notices to taxpayers for a variety of reasons. Although some people may feel anxious when they receive one, many are easy to …

Many taxpayers fear an IRS audit. Although the IRS audit targets change with the times, below you’ll find some of the high-risk tax-audit areas that the IRS has examined in recent years: • Earned …

In New York City, appeals to the Tax Commission, requests for review with the Department of Finance and other complaints regarding real property assessments have deadlines for filing. The application …

You may need copies of your filed tax returns for many reasons. For example, they can help you prepare future returns. You’ll need them if you have to amend a prior year tax return. You often need …

Although the April tax-filing deadline has come and gone, that’s a question many clients ask throughout the year. Depending on who you ask, you might get a range of responses: from a few years to a …

Title theft has become prevalent in the United States. Title theft happens when someone uses a property owner’s personal information to forge a deed and steal their home. The thief can then apply …

An amended tax return generally allows you to file again to correct a mistake in your filing status, your income or to add deductions or credits you may have missed. Here are some points the IRS …

Losing your home is one of the worst things that can happen. If you are having trouble making your mortgage payments, there are several solutions that can help you avoid foreclosure. Some of them …

The market value is an estimate of the value of a property by the Department of Finance. The market value of a property is determined by an assessor or automated valuation model using numerous …

Are you paying more tax then you need to? When it comes to filing taxes, getting the best returns is not about skill — it’s about what you know. Here are some tax strategies you may have …

Mistakes on tax returns mean they take longer to process, which in turn, may cause your refund to arrive later. The IRS cautions against these common errors so your refund is timely: 1) Incorrect and …

Social Security works with the Office of the Inspector General to protect people from scams that use Social Security as bait. Section 1140 of the Social Security Act allows OIG to impose severe …

Several real estate tax exemptions are available to New York City and state homeowners but some have deadlines that are fast approaching. Among the exemptions is the Senior Citizen Homeowners’ …

The Social Security benefits you received in 2023 may be taxable. Each January, you should receive a Form SSA-1099 (Social Security Benefit Statement) which will show the total amount of your …