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Professionals Column

Proposals to Benefit City Pensioners

In the Current Pension Topics of Oct. 9, I wrote: "The city (taxpayer) can satisfy all of its borrowing needs at an interest cost of about 1.5 percent. So why does the city borrow the member's …

Are You Eligible for Earned Income Tax Credit?

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 government …

What is Tax-Deductible On a Rental Property?

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 investments …

Survivors Benefits

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 widowers, …

Age Determines Whether Withdrawal is Tax-Free

Q.: How does a TRS-TDA participant report a TDA withdrawal on his or her New York State personal income tax return? M.P. A.: If the participant is younger than age 59.5, the withdrawal is fully …

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