Category Archives: New Jersey

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

Want some free money?

Before I begin today’s blog I am announcing that it will be on a New Jersey topic instead of a National one. Since this Thursday is June 6th which is the seventy-fifth anniversary of D-Day, I will being talking about a D-Day related topic that day.

Want some free money? Governor Phil Murphy wants to give you $125.00 rebate if he gets a millionaire’s tax. To me this sounds like a desperate politician trying to bribe the voters to put pressure on the legislature to do what he wants. Oh, wait this is not free money. It comes with strings. Murphy must think we are stupid, I’m not are you? Continue reading Want some free money?