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.
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.
WASHINGTON, D.C. – The U.S. economy added 216,000 jobs in March, while the unemployment rate was little changed at 8.8 percent, the U.S. Bureau of Labor Statistics reported today.
MOUNTAINSIDE – The Internal Revenue Service reminds taxpayers that the filing deadline for 2010 tax returns is April 18 this year, not April 15. Emancipation Day is observed April 15 in Washington, D.C. By law, the tax-filing deadline for the nation is moved to the next business day, Monday, April 18.
RAHWAY — Lisa McCormick, the Democrats for Change candidate for state Senate from Rahway, says America should make corporate tax dodgers pay their fair share to take part of the burden off middle class working people.
MOUNTAINSIDE — Taxpayers who may have difficulty visiting an IRS Taxpayer Assistance Center during weekday business hours can visit an IRS office on Saturday, March 26 between the hours of 9 a.m. and 2 p.m.
CLARK – After seeing the images of devastation in Japan caused by the earthquake and tsunami on Friday, many people will want to donate to humanitarian relief efforts. While there are many organizations collecting money for the cause, Clark accountant Thomas Angelo, CPA advises you to do your research before sending your contribution.
When it comes to insurance, many people face the Goldilocks dilemma: Am I buying too much coverage, not enough, or just the right amount? How do you determine your proper insurance levels while ensuring you don’t waste money on unneeded coverage – or worse, leave your family exposed?
STATE – The state’s economy lost an estimated 13,000 jobs in January, according to data released today by the state Labor Department. Both the private and public sectors were affected, shedding 7,100 and 5,900 jobs respectively.
Nobody likes being nagged, but I’m going to risk reader displeasure by reminding everyone that there are hefty financial consequences if you owe income taxes and do not file a return on time – or at least request a filing extension.