Affordable New Jersey Communities for Homeowners and Renters (ANCHOR)
The deadline for filing your ANCHOR benefit application is January 31, 2023.
Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) Read More »
Employers Must Identify and Notify NJ Employees Who May Qualify for the Earned Income Tax Credit
All employers must give written notice to employees who may be eligible for the federal and/or New Jersey Earned Income Tax Credits (EITC).
RA Owners Age 70½ or Over: Qualified Charitable Distributions
Qualified Charitable Distributions Are Great Options for Making Tax-Free Gifts to Charity
RA Owners Age 70½ or Over: Qualified Charitable Distributions Read More »
2023 Tax Counseling for the Elderly and Volunteer Income Tax Assistance Program Grants
The Internal Revenue Service recently awarded $41 million in Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants to organizations that provide free federal tax return preparation.
2023 Tax Counseling for the Elderly and Volunteer Income Tax Assistance Program Grants Read More »
NJ Tax Alert
Child Tax Credit The Division is introducing a new Child Tax Credit that reduces any tax owed and can result in an increased refund for a taxpayer. Beginning in Tax Year 2022, resident taxpayers with taxable income of $80,000 or less may qualify for a credit of a set amount for each child age 5
2021 Child Tax Credit
The Internal Revenue Service reminds families that some taxpayers who claim at least one child as their dependent on their tax return may not realize they could be eligible to benefit from the Child Tax Credit (CTC).
2021 Child Tax Credit Read More »
Considering Early Withdraws from Retirement Funds?
No matter how much people plan, unexpected events occur. Often, those events result in unplanned expenses. To cover these costs sometimes people, withdraw funds from their retirement savings early.
Considering Early Withdraws from Retirement Funds? Read More »
Providers to Receive 1099-Ks for Sales Over $600 in Early 2023
The Internal Revenue Service reminds taxpayers earning income from selling goods and/or providing services that they may receive Form 1099-K, Payment Card and Third-Party Network Transactions, for payment card transactions and third-party payment network transactions of more than $600 for the year.
Providers to Receive 1099-Ks for Sales Over $600 in Early 2023 Read More »
Understanding Federal Tax Obligations During Chapter 13 Bankruptcy
Bankruptcy is a last resort for taxpayers to get out of debt. For individuals, the most common type of bankruptcy is Chapter 13.
Understanding Federal Tax Obligations During Chapter 13 Bankruptcy Read More »
Parents Boost Their Back-to-School Budget
Summer has slipped away and another school year has started. As kids head back to the classroom, parents are ticking items off the school supply list. If they want to boost their back-to-school budgets, parents and guardians should make sure they aren’t missing out on their 2021 refunds and tax credits.
Parents Boost Their Back-to-School Budget Read More »