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 …

Generally, you must decide whether to itemize or to use the standard deduction on your income tax return. You should itemize if your allowable itemized deductions are greater than your standard …

Do you know how to spot a government imposter scam? We will continue to raise public awareness about Social Security-related and other government imposter scams during the fifth annual “Slam the …

When filing their federal income-tax returns, taxpayers can choose to either take the standard deduction or to itemize their deductions. It is anticipated that the number of filers who will itemize …

Financial education helps people learn about savings, credit and loans. It also helps them prepare for life changes and the unexpected. When planning for retirement financial knowledge is essential. …

Now is the perfect time to protect yourself from scams that can damage your finances and reputation.  We can work together to keep your personal information safe!  Fraudsters continue to …

As most individuals and tax professionals know by now, the standard deduction almost doubled under the Tax Cuts and Jobs Act for the single, married filing jointly, married filing separately, head of …

If you pay someone to prepare your tax return, the IRS urges you to choose that preparer wisely. Taxpayers are legally responsible for what’s on their tax return even if it is prepared by someone …

The first step to filing your Federal income-tax return is to determine which filing status to use. In other words, two people making exactly the same amount of income could have different income-tax …

If you did not apply for Medicare Part B (medical insurance) within three months before or after turning age 65, you have another chance each year during the General Enrollment Period, which runs …

The Internal Revenue Service says that electronic filing is the safest, fastest and easiest way for taxpayers to file their tax returns. E-filing is also good for the tax system, good for taxpayers …

If you believe the assessed value or tax class of your property is incorrect, you can file an appeal with the city’s Tax Commission. The commission is distinct from the Department of Finance and …

At Social Security, we are continuously working to better understand how our programs serve the public. Collecting race and ethnicity data for research and statistical purposes is one way for us to …

The Inflation Reduction Act has expanded and extended new energy credits, which will save tax dollars for most Americans. Also, the $500 lifetime cap for energy will be replaced with a $1,200 annual …

Social Security programs touch the lives of more than 71 million people. We work hard to ensure critical benefits and other services are accessible to you. Consider the start of the new year as an …

The maxim “every penny counts” is true even in prosperous economic cycles. Let us discuss a few options for New York City homeowners to save money through real estate tax exemptions. Exemptions …

With the new year come new tax laws. One new tax law, called the "Inflation Reduction Act" (IRA), makes the largest investment in combating climate change in U.S. history, lowers the cost of …

First and foremost, I want to wish all my readers a happy and peaceful New Year. Your emails and calls are appreciated. It’s that time of year again. The income-tax-filing season has begun and …

SSA.gov is your best resource to learn about Social Security programs and do business with us.  Our website is designed to make it easy for you to find what you need. Here are our top 10 …

It is that time of the year again. By Jan. 5, the New City Department of Finance values and assesses your property every year to calculate your property tax bill.  Then the tentative assessment …

That’s the question we’re answering in the latest episode of our audio series, SSA Talks. Our Chief Actuary Steve Goss sheds light on our trust funds and how they relate to your future benefits. …

A smart way to approach tax planning would be to look ahead, not back. Run through this list of tax-saving ideas to make sure you’re taking advantage of all the available opportunities to reduce …