Oct 19, 2022 | Firm Updates, Individual Tax, Tax Tips
In late August, President Biden announced a plan to cancel $10,000 in federal student loan debt for those earning less than $125,000 per year and $20,000 for low-income families who had received Pell grants. In the United States, 45 million people owe $1.6 trillion...
Aug 17, 2022 | Firm Updates, Individual Tax, Small Business, Tax Tips
If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you receive interest, dividends, self-employment income, capital gains, or other income. Here are the applicable...
Jun 14, 2022 | Firm Updates, Individual Tax, Tax Tips
The New York State homeowner tax rebate credit (HTRC) is a one-year program benefitting nearly three million eligible homeowners in 2022. Eligibility To be eligible, you must have: qualified for a 2022 STAR credit or exemption, had income that was less than or equal...
Mar 23, 2022 | Firm Updates, Individual Tax, Tax Tips
Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the year. The tax treatment depends on how many days it’s rented and your level of personal use. Personal use...
Nov 30, 2021 | Firm Updates, Individual Tax, Tax Tips
2021 brought a multitude of changes affecting individual taxpayers and with additional legislation being debated in Congress, it looks like 2022 will be no different. As the proposed legislation is still evolving, we will focus on the existing laws to assist your...
Nov 16, 2021 | Firm Updates, Individual Tax, Retirement Planning
Are you considering a move to another state when you retire? Perhaps you want to relocate to an area where your loved ones live or where the weather is more pleasant. But while you’re thinking about how many square feet you’ll need in a retirement home, don’t forget...
