Members in the News

Tom Walpole (Rochester)

Deductions for your tax return

WROC Rochester First

CPA Tom Walpole discussed the decision of whether to itemize your deductions or take the standard deduction on your tax return Monday on News8 at Sunrise. "What's going to make a difference is your filing status," said Walpole.  "You've got to look at your filing status first, and that's going to help decided what to do. The itemized deductions are going to be things like charitable contributions, property taxes, New York State taxes, medical expenses and contributions, miscellaneous deductions. Those types of things all add up, money you spend during the year.