Tag Archives: Property tax

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

Kim Guadagno Part 2

Kim Guadagno

 

Today I will continue talking about Kim Guadagno. From her campaign website I will start with how she wants to cut property taxes.

 

Per her website, “Kim will continue to stand up for New Jersey taxpayers by vetoing any “knee-jerk” tax increase proposal passed by the legislature to pay for unnecessary spending.” Then she wants to create what Guadagno calls a ‘Circuit Breaker’ for property taxes. Continue reading Kim Guadagno Part 2