If you discover an error after you file your tax return, you can correct it by amending your return. Here are 10 tips from the Internal Revenue Service about amending your federal tax return:
STATE — Average retail gasoline prices in New Jersey have risen 7.5 cents per gallon in the past week, averaging $3.37 per gallon yesterday. This compares with the national average that has not moved in the last week to $3.42 per gallon, according to gasoline price website NewJerseyGasPrices.com.
It’s no secret that health care costs have been spiraling out of control for years. To fight back, your best bet is to be a well-informed consumer: Know the true costs of medical procedures, supplies and medications so you can bargain effectively; carefully anticipate and track medical expenses; and stay on top of your bills.
STATE — Gas prices continued their upward tick for the second straight week, following 11 consecutive weeks of declines, inching up 6 cents nationally since the beginning of July. The national average price for regular grade gasoline was $3.39 Friday, up 3 cents for the week, yet down 15 cents from month-ago and down 26 cents from year ago prices. However, prices remain 72 cents lower than the record high of $4.11 set four years ago this week.
Military personnel and their families face unique life challenges with their duties, expenses and transitions. The IRS wants active members of the U.S. Armed Forces to be aware of all the special tax benefits that are available to them.
WASHINGTON, D.C. – The U.S. Small Business Administration (SBA) has joined with the Department of Veterans Affairs (VA) and the Department of Defense (DoD) to launch a training program for transitioning service members and veterans to help them become entrepreneurs and create jobs.
UNION COUNTY – Union County residents with questions about refinancing their homes can get answers through a live video conference with U.S. Secretary of Housing and Urban Development Shaun Donovan on Thursday, July 12 at 3:15 p.m. The event will be moderated by the real estate information website Zillow.
To hear the media report it, President Obama is proposing a tax increase on wealthy Americans. That’s misleading at best. He’s proposing that everyone receive a continuation of the Bush tax cuts on the first $250,000 of their incomes. Any dollars they earn in excess of $250,000 will be taxed at the old Clinton-era rates.
WASHINGTON, D.C. — School’s out, but the IRS has another lesson for students who will be starting summer jobs. Summer jobs represent an opportunity for students to learn about the tax system.