Category: Money

Lowering Your Tax Bill With Home Office Deductions

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 Warns New Jerseyans About New E-mail Scam

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.

Senators Challenge McConnell On Social Security

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.

NJ Consumers Not Optimistic About Economy

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.