The Internal Revenue Service has stated that electronic filing is the safest, fastest and easiest way for taxpayers to file their returns. Furthermore, e-filing is good for the tax system, goo…

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 some…

As the end of the year approaches, the IRS encourages taxpayers to consider a tax-withholding check-up. When taxpayers take a close look to make sure that the right tax amount is withheld now,…

What is the best tax break available to John and Jane Taxpayer? If they're homeowners, it's selling their home. When you sell your primary residence, you can make up to $250,000 in profit if y…

Buying a home is the single-most-valuable investment most families make, and home-ownership offers income-tax breaks that make it the foundation for overall tax planning. The tax law provides …

Capital assets include a home, household furnishings and stocks and bonds held in a personal account. When a capital asset is sold, the difference between the amount you paid for the asset and…

Our online services often allow you to do business with us without visiting a local office or calling. Here are our top 10 webpages of 2020:

Taxes are complicated, so it’s no wonder that everyone makes mistakes from time to time. But some actions go beyond incorrect arithmetic or thinking something is deductible when it’s not. Some…

In Current Pension Topics of Oct. 9 and Nov. 16, I wrote:

In November, we show gratitude for the many things we are thankful for throughout the year. Family usually tops the list. The strong women in our lives are one of the central figures we appreciate.

All parents are familiar with the high cost of raising children. But did you know that your children may help you to qualify for some income-tax benefits? Here are some benefits the IRS wants …

There are many online resources regarding Social Security, so it is important that you come to us as the first place for answers. You can find many of the answers about our programs and servic…

The Earned Income Tax Credit (EITC) is a financial boost for workers earning $56,844 or less a year. The IRS estimates that each year one in five eligible Americans misses out on money the gov…

In the Current Pension Topics of Oct. 9, I wrote:

Do you rent property to others? Rental real estate provides more tax benefits than almost any other investment. Besides, the potential for an ongoing income and capital appreciation; such inve…

Q.: How does a TRS-TDA participant report a TDA withdrawal on his or her New York State personal income tax return? M.P.

We are here for surviving family members when a worker dies. In the event of your death, certain members of your family may be eligible for survivors benefits. These include widows and widower…

As taxpayers plan their 2020 taxes, there is good news in the form of an enhanced child-tax credit.

There are two Federal tax credits available to help you offset the costs of higher education for yourself or your dependents. These are the American Opportunity Tax Credit (AOTC) and the Lifet…

You can access our programs and services from just about anywhere with your personal and secure my Social Security account. It's easy to sign up for one, and it will give you access to importa…