Income Tax Updates – The Taxman Giveth…and Taketh

The federal government, through tax and monetary policies, is continuing to try to put more money in the hands of consumers.  As a continuation of its 2008 and 2009 Stimulus legislation, Washington has enacted more income tax credits and rebates for individuals.  This is in stark contrast to New York State’s recent income tax changes, […]

More Tax Breaks for First-time Homebuyers

“The best way to jump-start the housing market is to encourage home purchases by first-time homebuyers,” Governor David A. Paterson said recently.  Following on the heels of the federal government’s two income tax credits for first-time homebuyers, New York State has enacted another tax break in an effort to jump-start the housing market.  The New […]