Tax credits and tax deductions are two common ways people lower their income tax bills. Although similar in intention, these two tax-reduction methods have fundamental differences and are not interchangeable. Knowing the difference can have a big impact on your bottom line.
TRENTON – Legislation intended to spark economic development by increasing the number and types of businesses eligible to benefit from tax exempt purchases in Urban Enterprise Zones was released Thursday by an Assembly panel.
TRENTON – Legislation to protect New Jerseyans from unfair ATM charges was released Thursday by an Assembly panel.
Where does your retirement plan stand? Although this is a phase that looms large in life, many people fail to set aside the money they will need to fund a healthy and happy retirement.
Do you own a life insurance policy that you no longer need? If so, there are a number of options available, including surrendering the policy to receive the cash value or letting it lapse.
TRENTON – Legislation intended to help jump-start New Jersey’s housing market by creating a tax credit for home purchases received final legislative approval on Thursday.
UNION–On Thursday, June 24, the U.S. Small Business Administration’s New Jersey District Office will play matchmaker to SBA lenders and New Jersey small business owners seeking to finance their business expansions or start-up ventures through an SBA-backed loan.
Now might be the perfect time to clean out your closets and garage. If you give your gently used clothing and household items to charitable organizations, the New Jersey State Society of Certified Public Accountants (NJSCPA) advises you don’t discard potentially valuable tax deductions with your donation:
WASHINGTON, D.C. – The first batch of rebate checks from the Affordable Care Act, which President Barack Obama signed into law in March, are being sent to seniors impacted by the Medicare Part D “donut hole,” U.S. Senator Frank R. Lautenberg (D-NJ) announced.
TRENTON—Health and Senior Services Commissioner Poonam Alaigh, M.D. is encouraging low-income Medicare beneficiaries to enroll in two under-utilized federal programs that can help reduce their out-of-pocket health and prescription drug costs.