Early in your life, time is on your side. Saving even a small amount regularly over many years can produce a nest egg much larger than someone who starts saving later in life due to…

If you have children (or grandchildren) you can give them a jump-start on becoming financially responsible adults. While teaching your child is easier when you start early, it’s never too late. Here are some age-relevant…

For the unwary, major life decisions can create a large and unexpected tax bill. Here are six life changes with tax implications that could surprise you. Getting married or divorced Marriage means a new tax…

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…