Top Ten Tax Breaks for Veterans in New York

Top Ten Tax Breaks for Veterans in New York

At Thorgood Law Firm, we deeply appreciate the sacrifices made by veterans. To honor their service, New York State offers numerous valuable tax breaks and financial benefits. Below, we outline ten important tax-related benefits that veterans should know about. 1.…

 Are Losses From Your Side Gig Deductible?

Are Losses From Your Side Gig Deductible?

Yes, if your side gig qualifies as a genuine business (with a profit motive) and meets both federal and New York State rules for deducting losses. That means you must show that your expenses directly relate to an active, profit-seeking…

 The Importance of Timely Income Tax Filing: Consequences of Unfiled Tax Returns In New York

The Importance of Timely Income Tax Filing: Consequences of Unfiled Tax Returns In New York

Tax filing obligations can feel stressful, especially if the deadline is coming up and you are unsure how much you might owe. Many individuals and businesses may be tempted to delay or neglect filing returns when their financial circumstances are…

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