Registering a property with the NYC Department of Housing Preservation and Development (HPD) and the Division of Housing and Community Renewal (DHCR) is essential for certain NYC property owners, especially those with multi-unit buildings. Here’s a step-by-step guide to help you navigate the registration process. Step 1: Determine If Registration Is Required HPD Registration DHCR […]

As we approach the end of 2024, it’s the perfect time for NYC homeowners to evaluate their tax strategies for 2025. Homeownership offers a wealth of tax benefits, and being informed can help you maximize savings while staying compliant with tax laws. Below is a comprehensive list of key homeowner tax benefits, deductions, and considerations […]

Capital improvements on a residential home that are tax-deductible or can increase the cost basis of your home (which can help reduce capital gains taxes when you sell) are generally significant upgrades that add value, prolong the home’s useful life, or adapt it to new uses. While the improvements themselves are not typically tax-deductible in […]