Certain items of income are not subject to New Jersey tax and should not be included when you file a New Jersey return.
Month: March 2021
The Internal Revenue Service reminds taxpayers about the rules for required minimum distributions (RMDs) from retirement accounts.
Many of the tax provisions in the American Rescue Plan Act of 2021 are extensions of existing provisions and are meant to provide immediate assistance to individuals and businesses affected by the COVID-19 pandemic.
The IRS and Congress have provided COVID-19 relief for flexible spending account plans (FSAs).
An overlooked SECURE Act change is that businesses can adopt new qualified plans and make deductible contributions after the close of the tax year. They must act before the due date for filing the employer’s return (including extensions). That means for solo 401(k) plans, individuals can adopt a plan and make contributions by May 17, …