Money

Liberal Groups Call For Restoration Of NJ EITC

NEWARK– As Americans file their income tax returns, New Jersey Citizen Action (NJCA) held a press conference today at its Free Tax Preparation Center in Newark to demand that the state Legislature and Gov. Chris Christie restore New Jersey’s Earned Income Tax Credit (EITC) for working families.

Tax Protest Planned

ELIZABETH — General Electric made $14.2 billion in profit, yet calculated a 2010 corporate tax bill that added up to less than zero. Instead of paying taxes, the company will receive a $3.2 billion gift from the taxpayers.

Costs To Own & Operate A Car Going Up, AAA Reports

FLORHAM PARK — AAA released the results of its annual Your Driving Costs study on Wednesday, revealing a 3.4 percent rise in the yearly average costs to own and operate a sedan in the United States. The average costs rose 1.9 cents per mile to 58.5 center per mile ($8,776 per year), based on 15,000 miles of annual driving.

Smart Uses For Your Tax Refund

Each spring, millions of Americans look forward to receiving a hefty income tax refund. And it truly is “hefty” with the average federal refund in 2010 hovering around $3,000. That’s a lot of money to be giving the government through what is essentially a year-long, interest-free loan.