The Tax Cuts and Job Act of 2017 limits the amount of State and Local tax deductions individuals can deduct on their 2018 taxes to $10,000. In response, states in the Northeast that feature high…

What is the SALT deduction limit? One of the provisions of the Tax Cuts and Jobs Act that was passed in December of 2017 limits the itemized deduction for state and local taxes (SALT) to…

As the final details of the state budget trickled out in recent weeks, it was revealed that the State of New Jersey will again be offering a tax amnesty program for taxpayers who owe back…

New Jersey employers: Have you received your annual assessment notice this year? Each year the New Jersey Department of Labor distributes assessment notices to New Jersey Employers to supplement fund programs that are not covered…

Associate Partner Julie Strohlein, CPA explains the newly signed New Jersey Health Insurance Market Preservation Act. One of the provisions of the Affordable Care Act (ACA) requires an individual to maintain qualifying health care coverage…

On May 2, New Jersey Governor Phil Murphy signed a statewide Paid Sick Leave Bill into law, making New Jersey the 10th state to mandate paid sick leave.   NJ Paid Sick Leave: The Basics…

Honorably discharged? You may be eligible for a $3,000 state exemption.   If you’re a veteran you might be eligible for an additional $3,000 exemption on your 2017 New Jersey Income Tax Return. In order to…

Are you currently or soon-to-be retired? Do you live in New Jersey? If you answered yes to those questions, you should benefit from a New Jersey tax break. As many people know, New Jersey residents…