New legislation signed into law on July 1, 2018, made several changes to the New Jersey Gross Income Tax Act as part of New Jersey’s fiscal year 2019 budget. The changes include increases in the…

As 2018 winds down, there is still time to reduce your potential tax obligation and avoid penalties. Here are a few ideas to make your 2018 tax return less of a burden on your wallet: 1….

Thinking of giving to a campaign on GoFundMe or other crowdfunding platform? Before you do, think twice. While there are people and causes you might want to help, it’s important to ask two primary questions:…

New tax legislation provides numerous tax benefits for individuals for 2018 through 2025. But not all the changes are likely to align with your go-to tax strategy from previous years.   Let’s Talk Tax Reform…

Most of the time, year-end tax planning is based on tried-and-true principles. For instance, people often end up accelerating deductions into the current year to offset their tax liabilities, while deferring income to the next…

As a result of the latest sweeping tax reform, there are about 8,700 designated Opportunity Zones throughout the United States. Navigate the below map to find eligible municipalities and speak with your CPA about the…

Tax reform means you have to rethink and retool your tax return. One possibly tax savings opportunity could be holding your 2018 charitable contributions and medical bills until 2019. The passage last year of the…

In December 2017, the Tax Cuts and Jobs Act was signed into law. The bill represented the first major tax reform since the 1980s. Some of the most notable pieces of the bill were the…