“No safety net” should be the motto of the New Jersey Legislature. If you didn’t hear about a 106 year old woman who almost lost her home that she has lived in since 1943, you have been ignoring the news.
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→
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→