New Jersey Tax accountants Vernoia, Enterline + Brewer, CPA LLC.
Gross Income Tax Convenience of the Employer Sourcing Rule Enacted for Gross Income Tax A new law was signed July 21, 2023, that establishes a “convenience of the employer test” (convenience rule) for nonresident income sourcing. Under the convenience rule, a nonresident taxpayer’s employee compensation from a New Jersey employer for the performance of personal […]
New Jersey Tax Updates Read More »
More than two million New Jersey residents are eligible to receive up to $1,500 in property tax relief under the new ANCHOR program — and you may be one of them.
ANCHOR Property Tax Relief – NJ Read More »
The deadline for filing your ANCHOR benefit application is January 31, 2023.
Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) Read More »
All employers must give written notice to employees who may be eligible for the federal and/or New Jersey Earned Income Tax Credits (EITC).
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
Property Tax Relief 2019 ANCHOR Program A new Property Tax Relief Program is replacing the previous Homestead Benefit program.
New Jersey has new taxes and existing taxes to be aware of.
New Jersey Tax Updates Read More »
The State of New Jersey Department of the Treasury Division of Taxation released Income Guidelines to help define what income may be deducted or excluded from gross income when determining eligibility for the Real Property Tax Deduction.
NJ 2021 Real Property Tax Deduction for Seniors, Disabled, and Surviving Spouses Read More »
Certain items of income are not subject to New Jersey tax and should not be included when you file a New Jersey return.
NJ Income Tax – Exempt (Nontaxable) Income Read More »
Some businesses have begun to include a surcharge for COVID-19 precaution and prevention costs (e.g., COVID-19 Fee, Coronavirus Fee, PPE Fee, Sanitation Fee, Cleaning Fee, etc.) on customers’ invoices. Determining if the surcharge to cover COVID-19 costs, such as masks, gloves, and cleaning supplies, is subject to Sales Tax depends on whether the service provided
Sales Tax and Surcharges for COVID-19 Precautions Read More »