This is the season for income taxes – and income tax refunds. According to the IRS, nearly 78 million people received federal tax refunds in 2009 averaging $2,705. If you’re one of those folks, it may be tempting to think of your refund as a gift; but in fact, you’ve essentially been giving the government an interest-free loan for the past year.
NEWARK— The NJ Transit Board of Directors today approved a plan to raise fares by up to 25 percent to help close the agency’s looming $300 million budget gap.
TRENTON – New Jersey’s employment fell in March, with the largest losses occurring in the public sector. The state’s March unemployment rate fell by 0.1 percentage point to 9.8 percent and remained above the national rate of 9.7 percent.
The last decade has seen a growing interest in “going green,” or taking steps to preserve natural resources and protect the environment. But did you know that there can be tax benefits when you take environmentally friendly steps, such as minimizing energy usage?
MOUNTAINSIDE – More than 36,000 New Jersey homebuyers already have collected nearly $249.1 million in First-Time Homebuyer Credits.
MOUNTAINSIDE— Taxpayers who need extra time to file their federal returns this year can file the Form 4868 request for an automatic extension through IRS Free File. The extension gives you an additional six months, until Oct. 15, to file the tax return.
ISELIN – Indus American Bank (IAB), the leading bank for the South Asian-American community, has joined hands with Moneydart Global Services, the leading money transfer brand, to provide IAB customers with cost-efficient, quick and simple money transfer service to India, one of the largest destinations for foreign remittances.
NEWARK – Merill Lynch will pay the state $4.87 million to settle an investigation into how the financial firm marketed risky investments, New Jersey officials announced today. The company also agreed to repurchase auction-rate securities (ARS) from private investors.
WASHINGTON, D.C. ? Many small businesses and tax-exempt organizations that provide health insurance coverage to their employees now qualify for a special tax credit, according to the Internal Revenue Service.
[unemployment] WASHINGTON, D.C. — Twenty-three percent of America’s unemployed have been jobless for a year or longer, the highest rate since World War II, according to a study released this week by the Pew Economic Policy Group.