WASHINGTON, D.C. — Income that you receive for the rental of your vacation home must generally be reported on your federal income tax return.
STATE — Average retail gasoline prices in New Jersey have risen 8.0 cents per gallon in the past week, averaging $3.46 per gallon yesterday. This compares with the national average that has increased 4.9 cents per gallon in the last week to $3.49 per gallon, according to gasoline price website NewJerseyGasPrices.com.
TRENTON — While testifying at the Assembly Regulatory Oversight and Gaming Committee hearing at the Meadowlands on Wednesday, Assemblyman Tim Eustace unveiled a proposal to seek voter approval to allow temporary, or “pop-up casinos,” during special events to boost New Jersey’s economy by capitalizing on an influx in visitors.
TRENTON – New Jersey’s unemployment rate jumped to 9.6 percent in June according to data released by the state Labor Department today. The 0.4 percent climb since May is the sharpest monthly increase since the 2009 recession.
STATE — Fifty years after its founding in Elizabeth, the discounted designer clothing retailer Daffy’s appears to be heading out of business, the latest casualty of the global economic meltdown brought on by deregulation.
President Obama is slamming Mitt Romney for heading companies that were “pioneers in outsourcing U.S. jobs,” while Romney is accusing Obama of being “the real outsourcer-in-chief.”
WASHINGTON, D.C. – As the deadline approaches for Social Security benefit recipients to switch to direct deposit or a debit card program, 95 percent of individuals who use the Direct Express® Debit MasterCard® card to receive monthly Social Security payments report they are satisfied with the card.
UNION — Financial Advisor David Larkin, will lecture on “Social Security: Potential Strategies for Maximizing Your Benefits” at the Union Public Library on Tuesday, July 17, at 7 p.m. The public is invited to this admission-free program.