Financial Focus: Want The Biggest Tax Refund of all Next Year? Change your W-4 at Work!

Neighborhood Notes: Free Immigration Service

By PROFESSOR ANTHONY RIVIECCIO, MBA PFA

Are you paying too little in taxes? Too much? Who cares as long as you get a gillion-dollar tax refund, right? Boy, do you have a lot to learn. But don’t worry, you’re in the right place! In short, every taxpayer has a tax bracket. Of course, as our income goes up, so does our tax bracket. Based on your income at the last day of the calendar year that will put you in your tax bracket at the end of the year. So, by the end of the year, if you paid too little in taxes, you will owe

Merchant Spotlight: A Family Business Grows at JGHBID

By JEROME GUN HILL BID

Shary and Ricky Rodriguez, the team behind Craft Empanadas and Shary’s Daycare on East Gun Hill Road, have opened their latest venture within the Jerome Gun Hill Business Improvement District (JGHBID). Craft Dance Studio, located below Craft Empanadas at 261 E. Gun Hill Rd., opened on Feb. 24 and serves as a space for dance classes, event rentals, and more. Children aged 3 and up can sign up for ballet, salsa, hip hop, and bachata classes on Mondays, Wednesday, and Thursdays. Adults can expect salsa and bachata classes to become available in the coming weeks. The studio space is also

A Tribute for the Bronx's 'Unsung Heroes' and a Vital Bus Stop That Could Be Cut: Latest Edition of the Norwood News is Out!

By DAVID CRUZ

Dear Fellow Readers, The year’s fifth edition of the Norwood News is out with plenty of interesting community news stories to read and share. We have 28 pages packed full of news from this corner of the Bronx, so let’s start with page one! Our top story focuses on a unique State of the Borough address delivered by Bronx Borough President Ruben Diaz Jr. The speech, Diaz’s penultimate before he heads into retirement in 2021, put the focus on the borough’s men and women who “put in the work” to better the borough. The story focuses on one Fordham local who certainly

Bronx Borough President Ruben Diaz Jr. delivered his annual State of the Borough speech in a rather interesting way, sidestepping its usual ceremonial proclivities that involve absorbing all the attention while unveiling his to-do list for the upcoming year by honoring the borough’s unsung heroes (more on this can be found in our front page story). But missing in that retrospective speech complete with pomp and swagger, bespoke of Diaz’s own personality, were ideas for the borough. Where were they? Checking back on previous state of the borough speeches (unlike this year, his office would send reporters a transcript of

By DAVID CRUZ

Borough President Ruben Diaz Jr. threw away the oft-formulaic State of the Borough speech he’s delivered over the last decade for a retrospective of sorts while honoring a who’s who of civic activists, educators, and captains of industry. His penultimate speech at Borough Hall comes a few weeks after announcing he won’t be running for New York City mayor after all. Diaz, 47, told reporters he’s “at peace” with his decision, mentioning that the Bronx certainly has a crop of elected officials ready to pick up the baton. He mentioned by name Assembly Members Marcos Crespo, Michael Blake, Victor Pichardo,

By DAVID CRUZ

The architectural firm behind the New York Botanical Garden’s (NYBG) first-ever residential development released a rendering of the impending property that will contribute to an evolving Webster Avenue corridor. Stephen B. Jacobs Group, the architectural firm, sent the Norwood News the rendering showing a 12-story modern-looking building that’s expected to be a senior residence. While the land is owned by NYBG, the Bronx institution entered into a 99-year lease deal with Douglaston Development to build and manage the property. Douglaston Development hired the architectural firm to draft renderings and schematics. The rendering also shows 12 stories, an extra floor space

By PROFESSOR ANTHONY RIVIECCIO, MBA, PFA

Do you own stock? Bonds? Mutual funds? Congratulations, then you could have investment interest or dividend and capital gains. Or God forbid, capital losses! Is the interest, dividends and capital gains taxable? Can you deduct your capital losses? Investment interest Deductible investment interest is interest paid on margin accounts or interest paid on loans used to buy or carry investments. For example, if you get a margin loan through your brokerage account and use it to buy more stocks, then the interest you pay is investment interest. Another example would be if you bought land to hold as an investment,

Inquiring Photographer: State of the Bronx

With Borough President Ruben Diaz, Jr. set to deliver his State of the Borough address on Feb. 20, we asked readers to offer their take on the state of the Bronx. Right now, the main thing I’m concerned about is police actions. Other than that, the Bronx is a good place to live. Yeah, they’re still doing stop and frisk. They stop people for anything: weed, guns. I don’t mind them getting the guns off the street, but stopping everyone is harassment … I do worry about gentrification and that’s scary because it pushes the poor people right out of

Bankruptcy Issues Push Back Bedford Green House Completion

By HENRY MCEACHERN

An impending residential building spearheaded by Project Renewal in Bedford Park has would-be tenants lining up at the door. But despite a sign reading the project would be completed by fall 2019, the project deadline is now being pushed back, delaying any plans for prospective residents to move in. The Bedford Green House’s path to completion may be rocky for Project Renewal, and applicants are still waiting, but their contingency plans could have the building completed soon enough to have tenants feeling a warm breeze from their rooftop garden, surrounded by fruits and fish ponds. It was thought that the