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→
I am sure that some of you have been wondering what is happening to me. Well, the Property Tax Delinquency Sale is on December 2nd and I have until 4:00PM December 1st to pay the 2013 past due property taxes including interest and a fee. And unfortunately for me I do not have the money.