Ask NJ Money Help

08 Jun How much will I owe in taxes when I sell my home?

Posted at 06:02h in Ask NJMoneyHelp, Real Estate, Taxes

There are several tests to pass to qualify for the capital gains exclusion. ...

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08 Jun Who gets life insurance payout when the beneficiary dies?

Posted at 06:02h in Ask NJMoneyHelp, Insurance

It's based on timing and who survived the policyholder....

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07 Jun What happens to taxes after I’m added to a bank account?

Posted at 06:02h in Ask NJMoneyHelp, Taxes

The original account owner is responsible for taxes on the account. ...

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07 Jun Will we owe the exit tax when we sell this home?

Posted at 06:02h in Ask NJMoneyHelp, Real Estate, Taxes

The exit tax is an estimated tax based on a home sale. ...

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04 Jun What’s the best way to save money for my grandchildren?

Posted at 06:02h in Ask NJMoneyHelp, College

A child with a custodial account will gain control at the age of majority. ...

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04 Jun What happens to my house if I go into a nursing home?

Posted at 06:02h in Ask NJMoneyHelp, Estate Planning, Real Estate

Medicaid has a five-year look back period for your assets. ...

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03 Jun Can I avoid a tax bill when I cash savings bonds?

Posted at 06:02h in Ask NJMoneyHelp, Taxes

Taxes will be due on accumulated bond interest, but with estates, it's complicated. ...

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03 Jun Will I owe taxes on this inheritance from N.Y.?

Posted at 06:02h in Ask NJMoneyHelp, Estate Planning, Taxes

New York has an estate tax, but not an inheritance tax. ...

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