Owning your own home is widely considered as the American dream. But as any homeowner will tell you, the expenses associated with home ownership can be a nightmare. Luckily, there are certain tax benefits to paying these expenses. Some homeowners…
The answer on the face of it is YES, you can take your child with special needs as a dependent. For someone to be claimed as a qualifying child, the person must meet four criteria: Relationship — the person must…
Saving for Retirement is Important, and it is always a good idea to contribute to a retirement plan. However, it is important to understand that once you contribute to certain retirement plans you may not be able to withdraw the…
April 15th is right around the corner, and we all know what that means – time to prepare your taxes. For many taxpayers there is still much to do before filing your federal and state income tax returns. All the…
New Yorkers face income taxes, real estate taxes, sales tax and now - sales tax on the internet. New Yorkers must now pay sales tax on goods purchased on Amazon.com and Overstock.com. Amazon.com Inc., the largest online retailer in the…