TRENTON – Legislation sponsored by Senators Barbara Buono and Shirley Turner to provide residents who save for their children’s college education through a state-administered college savings plan with a state income tax deduction for their investments was unanimously approved by the Senate Higher Education Committee yesterday.
NEWARK —The New Jersey Bureau of Securities urged citizens throughout New Jersey to take a stand and join the fight against the “crime of the 21st century” by reporting suspected abuse of New Jersey’s seniors. The announcement was made today in recognition of World Elder Abuse Awareness Day.
JPMorgan Chase, one of the nation’s largest banks, announced that it lost over $2 billion in trading over the last few months. This has emboldened supporters of the Volker rule, which prohibits banks that enjoy government support from making risky investments other than loans. The Volker rule is a step in the right direction of reducing the risk that banks take with their asset portfolios.
TRENTON – New Jersey employers added 17,600 jobs to their payrolls in May, the largest monthly gain in more than seven years. New Jersey’s economy has now added jobs in eight out of the last nine months. Over the year, May 2011 – May 2012, total nonfarm employment in New Jersey has increased by 59,800 jobs.
WASHINGTON, D.C. — Employers that hired unemployed veterans during late 2011 and early 2012 had an expanded period to request the required certification for claiming the expanded Work Opportunity Tax Credit (WOTC). That expanded period ends on Tuesday, June 19.
Rarely in history has the cause of a major economic problem been so clear yet have so few been willing to see it.
STATE — Hurricane season has started and the IRS encourages individuals and businesses to safeguard their tax records against natural disasters by taking a few simple steps.
STATE — New Jersey residents should be on the lookout for a new email phishing scam now circulating that targets Department of Defense military members, retirees and civilian employees.