TRENTON – Workers in New Jersey will see at least one tax rate cut in 2011. The employee payroll tax rate for the Family Leave Insurance (FLI) program will be adjusted downward beginning Jan. 1, 2011, giving the state’s economy an estimated $57 million boost.
Money
Bank Launches New Community Partnership Program
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ISELIN – Indus American Bank (IAB) recently launched a “Community Partnership Program” designed to help organizations raise funds to benefit community members they serve.
U.S. Economy Adds 151,000 Jobs; Unemployment Remains At 9.6%
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WASHINGTON, D.C. – The U.S. economy added 151,000 jobs in October, according to data released by the federal Department of Labor this morning. The unemployment rate, essentially unchanged since May, remained at 9.6 percent.
SBA Names Indus American Bank “New Jersey’s Breakthrough Lender of the Year”
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ISELIN – Indus American Bank recently received the Small Business Administration’s (SBA) District Director’s Award as a Breakthrough Lender of the Year in the state of New Jersey.
PSE&G Urges Eligible Customers To Apply For Heating Assistance
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NEWARK – PSE&G is urging its customers to see if they are eligible for help to pay their winter heating bills. Those who recently lost their jobs, or are now working fewer hours because of the economic downturn, may now qualify for assistance programs.
Lowering Your Tax Bill With Home Office Deductions
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ROSELAND – The country’s economic downturn has created a new legion of entrepreneurs who are working from home after losing a job. As the year comes to a close and these people begin gathering information for their 2010 tax returns, many will consider using their home office as a tax deduction for the first time.
IRS Seeks Community Volunteers Throughout New Jersey
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MOUNTAINSIDE – Looking for a rewarding volunteer experience? Do you like to help people? “The Internal Revenue Service is seeking volunteers for the Volunteer Income Tax Assistance and Tax Counseling for the Elderly (VITA/TCE) Program,” said New Jersey’s IRS spokesperson Gregg Semanick.
Feds Strengthen Debt Settlement Rules
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When faced with overwhelming debt, many people don’t know where to turn: Should they file for bankruptcy, consolidate their debts into one loan or try to settle with creditors for less than they owe?
IRS: Don’t Miss Out On Recovery Tax Provisions; Energy & Education Credits Still Available
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MOUNTAINSIDE — The IRS reminds taxpayers to take advantage of the American Recovery and Reinvestment Act of 2009 tax breaks that are still available. Tax incentives are still available for making energy efficient improvements to your home and for college expenses paid by parents or students.
IRS Warns New Jerseyans About New E-mail Scam
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MOUNTAINSIDE – The IRS is warning taxpayers about a new phishing scam. Phishing, a word play on “fishing” for information, is a scam in which Internet fraudsters send seemingly legitimate e-mail messages to trick unsuspecting victims into revealing personal and financial information.