IRS Announces 2019 Tax Rates, Standard Deduction Amounts And More

  The Internal Revenue Service (IRS) has announced the annual inflation adjustments for more than 60 tax provisions for the year 2019, including tax rate schedules, tax tables and cost-of-living adjustments. These are the numbers for the tax year 2019 beginning January 1, 2019. They are not the...   Read More

Are you aware of the NJ Urban Enterprise Zone Program?

Benefits to Businesses Reduced Sales Tax – currently 3.3125%, effective 1/1/2018 Tax Free Purchases on certain items such as capital equipment, facility expansions, and upgrades Financial Assistance from agencies such as NJEDA Subsidized unemployment insurance costs for employees who earn less tha...   Read More

Important Information – 2018 NJ Tax Amnesty

The 2018 New Jersey Tax Amnesty will provide an opportunity for eligible taxpayers to file and pay their past due taxes with reduced interest and no penalties.   Take advantage of Amnesty while you can: Eligible periods cover State tax liabilities for tax returns due on or after February 1, 200...   Read More

7 IRA Strategies For The End Of 2018

It’s time for IRA owners to be proactive by planning and implementing their strategies for the rest of the year. Consider these steps now and take those that are appropriate for you. Caution: Don’t wait until the last few weeks of the year to consider your actions. IRA custodians are very busy t...   Read More

Here are the best and worst states for taxes

State of residence can impact what you pay overall in taxes, especially for retirees.Some states don’t tax Social Security, while others impose no tax on retirement income from 401(k) plans, individual retirement accounts and pensions.With federal income tax rates for all taxpayers down as of ...   Read More