Monthly Archives: June 2019

Can not dodge the tax

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NJ property taxes too high!

Well the IRS has ruled that you can not dodge the tax deduction limit for property taxes by paying it to a charity.

From NJ Spotlight, “New regulations by the Internal Revenue Service significantly undercut — at least for now — a New Jersey law that was enacted last year to help residents get around the capping of the long-cherished SALT deduction for state and local taxes. Continue reading Can not dodge the tax