02 Mar I’m disabled. Can I do a Roth IRA? Should I do a rollover? Posted at 12:04h in Ask NJMoneyHelp, Retirement You need earned income before you can contribute to an IRA. ... Read More
28 Feb What changes for inherited IRAs under the SECURE Act? Posted at 06:06h in Ask NJMoneyHelp, Estate Planning, Taxes Under the new law, you have to take distributions over 10 years. ... Read More
28 Feb What tax is due on sale of destroyed home? Posted at 06:02h in Ask NJMoneyHelp, Real Estate, Taxes There are several tax scenarios to consider when you sell land. ... Read More
27 Feb I’m selling a foreclosed home. Do I pay the exit tax? Posted at 06:06h in Ask NJMoneyHelp, Credit, Real Estate The exit tax is really an estimated tax on the sale of a home. ... Read More
27 Feb Should I gift my assets to avoid gift and estate taxes? Posted at 06:02h in Ask NJMoneyHelp, Estate Planning You can use annual gifts to transfer property to your heirs. ... Read More
26 Feb Under the SECURE Act, can I convert to a Roth IRA? Posted at 06:02h in Ask NJMoneyHelp, Retirement, Taxes A Roth conversion can be a way to save taxes for your heirs. ... Read More
26 Feb Federal and state income aren’t a match on this W-2. Why? Posted at 06:02h in Ask NJMoneyHelp, Taxes There are some items that will be different for federal and state purposes. ... Read More
25 Feb After divorce, who gets deductions for home expenses? Posted at 06:06h in Ask NJMoneyHelp, Real Estate, Taxes If you own property with your ex, you may split certain tax deductions. ... Read More