Summer 2022 has proven to be a busy summer for NJ government and the Division of Taxation. With three new major New Jersey tax updates, some taxpayers may soon see temporary relief at the cash…

While most interest expense is no longer tax deductible, home equity loan interest may be. It all depends on how the money is used.   Home acquisition debt: Interest on debt used to purchase, refinance…

Before you close the file on this year’s tax return, there is still accurate record-keeping to prepare in case of an audit. Here are some tips for organizing everything. Save indefinitely • Your tax return…

The Internal Revenue Service announced on June 9, 2022 an increase in the standard mileage rates in the middle of the year.  Normally they are adjusted once a year for inflation, but this midyear adjustment…

Keeping your taxes as low as possible requires paying attention to your financial situation throughout the year. Tax season may seem far away, but there are steps you can take even in the summer months….

Many parents own houses and may want to pass them on to their children at some point. A common thought is to just add the children’s names to the title of the house. While this…

As social distancing turns convenience into necessity, the number and types of activities moving to the internet is exploding. It’s important to remember that these virtual events often trigger real-world tax implications. Here are some…