Tag Archives: Income tax

New Jersey Millionaire’s Tax

NJ Windfall of taxes

New Jersey Millionaire’s tax does not keep people from coming to the state. This according to thePatriotic Millionaires, a group of high-net worth Americans, business leaders, and investors who are united in their concern about the destabilizing concentration of wealth and power in America, to support  the millionaire’s tax in the New Jersey state budget to help the state meet its existing obligations and invest in priorities.Continue reading New Jersey Millionaire’s Tax

Federal 2019 taxes

Federal taxes

Federal 2019 taxes are changing and you better become aware of what they are.

From US News, “Although the standard deduction nearly doubled to $12,000 for single tax filers and $24,000 for married couples filing jointly, key deductions like state and local taxes and mortgage interest were capped at $10,000. That’s going to hurt people in states where property and or income taxes are high. Further, the tax code suspends miscellaneous deductions, such as certain types of home equity interest deductions and fees paid to accountants and investment advisors – these can no longer be written off. Continue reading Federal 2019 taxes