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Five Tax Tips for Gambling Income and Losses

Report any gambling winnings as income on your tax return. Be sure you itemize to deduct gambling losses up to the amount of your winnings. If you are a casual gambler, these tax tips can help:

‘Murder at Maple Springs’ is Latest Release from No Frills Buffalo Publishing

‘Murder at Maple Springs’ is Latest Release from No Frills Buffalo Publishing

“Murder at Maple Springs,” written by Western New York native Robert John Terreberry, is the latest release from No Frills Buffalo publishing company. Terreberry, a native of Niagara Falls, currently resides in Maple Springs.

In reality, Maple Springs is a beautiful spot on Lake Chautauqua, south of Buffalo and just north of the Pennsylvania border. It's a restful and inviting summer community bent on offering successful R&R. 

VoIP Supply Provides Computer Upgrades at Dog Ears Bookstore

VoIP Supply Provides Computer Upgrades at Dog Ears Bookstore

Thanks to the generosity of VoIP Supply, LLC, the entire upstairs computer lab at the nonprofit Dog Ears Bookstore & Café, located at 688 Abbott Road in South Buffalo, has been upgraded! 

VoIP Supply began supporting the community bookstore in 2008, during VoIP Supply’s worst fiscal year. Over time, VoIP Supply has provided volunteers to work at the bookstore as well as their computer lab. Earlier this year, when the bookstore was devastated by a break-in, VoIP Supply knew they needed to help. They donated a complete audio/video surveillance package to help monitor the store and café to prevent future break-ins. And recently, VoIP Supply took it one step further by upgrading the computer lab with all new computers and a laptop to help manage the store’s operations.

Home Energy Tax Credits Save You Money at Tax Time

Certain energy-efficient home improvements can cut your energy bills and save you money at tax time. Here are some key facts that you should know about home energy tax credits:

Non-Business Energy Property Credit

Dog Ears Bookstore & Café Shows Off New Colors

Dog Ears Bookstore & Café Shows Off New Colors

If you’ve driven down Abbott Road recently, you may have noticed that something looks different. And in this case, that’s a very good thing!

Thanks to the generosity of CEO Bill Paladino, Cathy Paladino and Ellicott Development Company, and Kevin Burke of Sherwin-Williams, Dog Ears was the recent recipient of a much-needed paint job and building repairs.

The Paladinos sent a crew to paint and complete necessary building repairs, while Sherwin-Williams donated half of the paint for the job and provided the remainder of the paint at half price.

Looking for Work May Impact Your Taxes

If you are looking for a job in the same line of work, you may be able to deduct some of your job search costs. Here are some key tax facts you should know about when searching for a new job:

It’s Not Too Early to Determine Whether You Have Qualifying Health Care Coverage

 

The individual shared responsibility provision requires you and each member of your family to have basic health coverage – also known as minimum essential coverage – qualify for a health coverage exemption, or make an individual shared responsibility payment for months without coverage or an exemption when you file your federal income tax return.

Many people already have minimum essential coverage. If you do, you'll simply report your coverage when you file your 2016 tax return in 2017. If you and your family members all had minimum essential coverage for each month of the tax year, you will indicate this on your tax return by checking a box on Form 1040, 1040A or 1040EZ. No further action is required.