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?
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.
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.
Wouldn’t it be nice if, after decades of hard work and saving, you could retire without worrying about paying taxes? Alas, that’ll probably never happen.
MOUNTAINSIDE – With less than three months remaining in the calendar year, individual taxpayers are encouraged to double check their federal withholding now to make sure they are having enough taxes taken out of their pay.
WASHINGTON, D.C. – Seventeen senators – including Majority Leader Harry Reid — today asked Senate Republican leader Mitch McConnell to support $250 in emergency relief to more than 50 million seniors and disabled Americans facing a second straight year with no increase in Social Security benefits.
STATE — New Jerseyans continue to be gloomy about their household finances. According to the most recent consumer survey by Fairleigh Dickinson University’s Silberman College of Business, just one in five New Jerseyans (21%) report they are better off than a year ago.
TRENTON – Attorney General Paula T. Dow announced today that the owner of several New Jersey loan modification companies has agreed to pay the state $805,000 and stay out of the foreclosure rescue business to resolve allegations he defrauded struggling homeowners who sought help in staving off foreclosure.
ROSELAND– Everyone runs up a little credit card debt, right? That’s what many people tell themselves to justify carrying heavy loan amounts, but the fact is that undisciplined spending and poor credit management are serious problems that must be addressed.
TRENTON – A Senate committee released legislation that would provide residents who save for their children’s college education through a state-administered college savings plan with a state income tax deduction for their investments.