MOUNTAINSIDE — The Internal Revenue Service and New Jersey community groups are promoting Earned Income Tax Credit (EITC) awareness. This tax credit could be a critical financial lifeline to many Americans this year. Last year in New Jersey, over 498,000 filers received over $956 million from EITC. The average EITC amount in New Jersey was…
ELIZABETH—With tax season approaching, Union County residents can expect a stream of official-looking envelopes in their mailboxes. Most contain authentic documents, but some “look-alike” mailings have been identified as a source of junk mail, scams, and serious fraud. “The public is becoming more alert to internet fraud, but we should all be mindful that hucksters…
ELIZABETH – Union County Manager George Devanney’s $449.3 million 2009 budget proposal includes a 4.95 percent tax increase at a time when many households can ill-afford it. Devanney’s proposal includes some spending and service cuts. He anticipates a $740,000 annual savings from shuttering the unprofitable Oak Ridge Golf Course in Clark. An additional $4.6 million…
EDISON—Township taxpayers are now just a click away from making property tax payments. Edison has unveiled online property tax payments via the township web site www.EdisonNJ.org. “This is a major step forward in streamlining and modernizing our government while providing better services. In our increasingly busy world, this should become a great convenience for our…
STATE—Seven counties out of the top 10 in the country with the highest property tax rates are in New Jersey. The same tabulation showed that Garden State homeowners paid the highest property taxes in 13 out of the nation’s 20 top-taxed counties. Union County’s median property tax bill of $6,727 earned the dubious distinction of…
MOUNTAINSIDE— Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years. One provision offers older owners of individual retirement arrangements (IRAs) a different way to give to charity. There are also rules designed to provide both taxpayers and the government greater certainty…
STATE – An increasing number of claims is rapidly draining the fund that bankrolls unemployment benefits in New Jersey, raising the unwelcome prospect that taxpayers will be required to provide a cash infusion. According to the state Labor Department, businesses pay about $2 billion into the fund each year, but as of the end of…
MOUNTAINSIDE — The Internal Revenue Service is looking for New Jerseyans who are missing 6,351 economic stimulus checks totaling about $3.82 million and 2,929 regular refund checks totaling nearly $3.16 million that were returned by the U.S. Postal Service due to mailing address errors. The average undelivered stimulus payment is $602 and the average undelivered…
TRENTON – Gov. Jon Corzine outlined a plan to address the local effects of the global economic crisis in an address to a joint session of the Legislature on Oct. 16. The speech was carried live by NJN and is archived on the public television station’s website, njn.net. Corzine’s plan focused on job creation, prevention…
