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Month: May 2022

New rules for charitable tax deductions in 2021

Most taxpayers in New York understand that charitable giving contributes to significant tax savings. When they make donations, they are eligible to deduct the costs on their tax returns. For the 2021 tax year, special rules and benefits were extended to taxpayers who...

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6 ways to cut tax obligations

Paying taxes may be unavoidable when someone earns a sufficient amount of income. The federal tax code does allow for legal ways to reduce obligations. New York taxpayers could explore such legal avenues to save money when filing their returns with the IRS. Common...

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How to plan your high net worth estate

Planning your estate in New York can be a complex affair. This will be all the more true if you fit the description of a high-net-worth individual. If this is the case, you will need to take extra care in your plans. You don't want to make a mistake that can lead to...

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Rate of accidents rising in New York City

Like many other cities, New York is currently experiencing a surge in the number of traffic accidents that take place. While it is not yet clear what exactly is causing this increase, more people than usual are now the victims of crashes, and that includes drivers,...

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