Log in Subscribe
Professionals Column

Q.: I am a NYCERS member and plan to retire on July 1, 2022. At retirement I will be 65. I can't decide if I should take the final withdrawal/loan in conjunction with my retirement. What is your …

A Taxpayer's Bill of Rights

Every taxpayer has a set of fundamental rights. You should be aware of these rights when you interact with the Internal Revenue Service. There are 10 broad categories: The Right to Be …

At 72, Old Enough To Consolidate Accounts

Q.: I'm 72 and will soon take my first Required Minimum Distribution. I have seven retirement accounts. A friend suggested I consolidate them. What is your take? P.S. A.: I agree with your friend. …

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 …

How to Safeguard Tax, Financial Information

The IRS and the New York Department of Taxation and Finance remind taxpayers to be vigilant against scammers and identity thieves. Be wary of aggressive phone scams. Remember, the IRS and New …

Get a NYCE Roth IRA For Future Roll-Ins

Roth 457(b), 401(k) and 403(b) accounts are subject to tax-free Required Minimum Distributions (RMDs) starting at age 72. While these RMDs are tax-free, the dividends, interest and capital gains …

Do You Qualify for The Child Tax Credit?

As taxpayers plan their 2021 taxes, there is good news in the form of an enhanced child-tax credit. The legislation known as the Tax Cuts and Jobs Act (TCJA) doubled the credit amount, increased …

Protecting Elders From S.S. Scams

Social Security impostor scams are widespread across the United States. Scammers use sophisticated tactics to deceive you into providing sensitive information or money. They target …

IRS Can Help With Your Tuition Bills

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 Lifetime …

Wife Can Fund an IRA For Retired Husband

Q.: I am a fully retired school Principal. My wife is still working. She earns $132,000 a year. Based on my wife's earnings, can she fund a Roth IRA for me? A.: Yes, she can. A Spousal IRA …

« Prev | 1 2 | 3 | 4 | 5 | 6 | 7 | 8 17 | Next »
Currently viewing stories posted within the past 2 years.
For all older stories, please use our advanced search.