Before the housing crisis, it wasn’t uncommon for people to raid their home-equity piggybanks to pay off bills. Plummeting home values and tougher lending standards helped curb that practice, leading some people to engage in a far more disturbing habit: borrowing or withdrawing money from their retirement accounts to cope with financial hardship.
STATE – The average price of a gallon of regular, full-service gasoline reached $3.09 a gallon overnight, according to AAA Mid-Atlantic. That’s up five cents in the past week and 54 cents since this time last year.
STATE – According to a report released yesterday by the Washington, D.C.-based Tax Foundation, New Jersey residents had the highest state-local tax burden in the nation in 2009.
MOUNTAINSIDE – Several Internal Revenue Service Taxpayer Assistance Centers will be open on Saturday Feb. 26 from 9 a.m. to 2 p.m. for taxpayers seeking tax assistance.
STATE – The IRS sponsors community-based volunteer programs that offer free assistance with basic income tax preparation for qualifying taxpayers.
TRENTON – New Jersey’s Minimum Wage Advisory Commission recommended maintaining New Jersey’s minimum wage at the federal rate of $7.25 per hour, state Labor Commissioner Harold J. Wirths announced Friday.
Reentering the civilian workforce after a career in the armed forces can be challenging even during the best of times.
So many expenses, so few dollars saved. That’s the dilemma faced by millions of Americans – everyone from struggling college students to young families saving for a down payment to baby boomers approaching retirement.
NEWARK – The Office of the Attorney General and State Division of Consumer Affairs are offering seminars and tutorials to help college students understand credit, and avoid a history of bad credit that can cause long-lasting harm as they begin their careers and adult lives.
NEWARK – A task force led by the Office of the Attorney General and State Division of Consumer Affairs, along with the Bergen, Camden, Gloucester, Mercer, Monmouth, Ocean and Somerset county offices of consumer affairs, last week inspected 574 tax preparation offices statewide in search of false and misleading advertising of so-called “instant,” “same day” and “24 hour” tax refunds.