Malcolm-Jamal Warner, the actor best known for his role as Theo Huxtable on the groundbreaking NBC sitcom The Cosby Show, has died at the...

William Lacy Clay, Sr., a civil rights leader, legislative powerhouse, and one of the 13 founding members of the Congressional Black Caucus, has died....

A federal appeals court delivered a split decision in the high-profile case against Marilyn Mosby, the former Baltimore State’s Attorney who rose to national...

People in the News

Monday, July 28, 2025

People in the News

Monday, July 28, 2025

Don’t miss these often overlooked tax deductions

tax-filing-refund-delayWhat do Warren Buffett and a lot of taxpaying straphangers have in common?

They both think they pay too little in taxes.

Or at least that seems to be the attitude of many taxpayers, according to several area tax professionals.

Many people, they say, overlook deductions or are afraid to take all their legitimate ones, exaggerating the potential for problems with the IRS.

“First of all, people need to relax and calmly review the deductions that are available,” says Lewis J. Altfest, a certified public accountant and adviser in Manhattan.

A good place to begin, Altfest says, is to review previous returns. “Often a client will take a deduction one year and then forget to take it in succeeding years,” he adds.

 

 Read more for additional tips!