In a recent case, a New York City Administrative Law Judge (“ALJ”) determined that the City’s unincorporated business tax (“UBT”) did not impose a second, discrete requirement that a deduction need be ...

The 2017 Tax Cuts and Jobs Act has resulted in numerous changes to the tax laws— both on the individual and business levels. Some of the most impactful changes affecting 2018 and beyond are those ...

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

Owning a home changes your tax picture, but not always in obvious ways. Some homeowners assume buying a home automatically leads to a larger refund. Even long-standing homeowners can overlook ...

Let’s face it — tax season can be stressful. This is especially true for self-employed individuals and small business owners searching out every self-employed tax deduction and navigating other small ...

Overtime pay deduction: Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay. The maximum annual deduction is $12,500 ($25,000 for joint ...

It's only the beginning of the year, but it's not too early to start thinking about filing your tax return. By the end of January, you should receive your W-2 and 1099 forms from employers and other ...