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Satty, Levine & Ciacco, CPAs, P.C. Blog

Itemized vs. Standardized Tax Deductions

Posted by Caroline Fallon on Jul 27, 2020 9:00:00 AM

You may want to lower your taxable income and have heard that claiming either a standard deduction or an itemized deduction could help, but you’re not really sure what those are. While paying your taxes may not be your first choice, they don’t have to break the bank once you start filing for deductions. If you need help understanding what the difference is and want to start lowering your taxable income we can help!

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Topics: Tax Season

Tax Day is Here, Make Sure You’re Ready

Posted by Caroline Fallon on Jul 13, 2020 9:30:00 AM


After the three-month extension, the day is finally here - Tax Day. While coronavirus has turned many things upside down this year, one facet has stayed consistent – taxes must be paid. Don’t let this be another headache for you with the long list of responsibilities that comes along with it. Follow our checklist to successfully conquer this year’s Tax Day.

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Topics: Tax Season

The Answers to Common 2020 Tax Season Questions

Posted by Caroline Fallon on Jun 29, 2020 12:35:13 PM

Coronavirus brought about a lot of new adjustments that both people and companies had to deal with. With tax season coming in the middle of this pandemic, you may have some questions that need answering. We have compiled some of the most frequently asked questions this tax season.

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Topics: Tax Season

The Different Tax Refunds You Can Receive

Posted by Caroline Fallon on Jun 11, 2020 12:30:00 PM

When filing your taxes, there are two separate returns that you need to fill out, federal and state. While this may seem like double the work for you it’s easier when you have everything organized and understand what you’re doing. Your federal and state tax returns are not the same thing, and here is why that is:

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Topics: Tax Season

Allow A Tax Accountant to Finish Your Taxes

Posted by Caroline Fallon on May 29, 2020 1:51:00 PM

Filing your taxes can be very confusing and complicated to navigate. Now with the coronavirus still around, things can get more complicated. While the tax deadline has been pushed to July 15 to allow citizens more time to file their taxes, you may want to consider hiring a tax accountant. Give yourself one less thing to worry about this tax season and let the experts take over.

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Topics: Tax Season

Why Your IRS Tax Refund May be Delayed

Posted by Caroline Fallon on May 13, 2020 3:18:48 PM

The deadline for filing your taxes may have been pushed back until July 15, 2020, but that doesn’t mean it’s no less important to file them as soon as possible. Due to COVID-19, some things are taking longer to process than normal, so making sure you’re filing your taxes soon will be beneficial to you and your IRS tax refund. 

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Topics: Tax Season

How the Coronavirus is Affecting your Tax Deadline

Posted by Caroline Fallon on Apr 13, 2020 1:00:00 PM

People and businesses all over the country have had to make adjustments to their daily routines due to the coronavirus. The tax deadline date, April 15, is right around the corner, but if you haven’t filed your taxes yet because of everything going on, don’t fret. The Treasury Department has extended the filing date by 90 days in order to give people a little relief from the effects of the coronavirus.

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Topics: Tax Season

A Procrastinator’s Guide to Last minute Tax Tips

Posted by Caroline Fallon on Mar 13, 2020 5:00:00 PM

Tax season is here, and it’s time to stop procrastinating. Don’t learn the hard way about not paying your taxes on time. Use these helpful tax tips to figure out how to get through the process in the most efficient way before April 15.  While filing your taxes may be an obtuse activity to do in your free time, it is still extremely important.

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Topics: Tax Season

New York State Tax Deductions: 4 Things Worth Itemizing

Posted by Tom Hallissey on Feb 14, 2020 3:36:38 PM

During tax planning and preparation, you must first decide whether to take the standard deduction. Even if you elect not to itemize on your Federal return, you should be aware that you can still claim New York State tax deductions for medical expenses, interest and some other personal expenditures.

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Topics: Tax Season

Tax Season 2020: Why it Pays to File Early

Posted by Tom Hallissey on Jan 10, 2020 10:00:00 AM

With tax season 2020 about to begin, it’s time to get those calculators out of the closet. It’s smart to start preparing today, because April 15 will be here before you know it.

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Topics: Tax Season

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Since 1949, S,L&C has provided professional accounting and business advisory services from New York to California. Now, our blog contains some of the latest news, trends and tips to help you prosper financially.  

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