Taxes

03 Mar Do these retirement distributions count for the pension exclusion?

Posted at 11:53h in Ask NJMoneyHelp, Retirement, Taxes

You may be able to avoid New Jersey taxes under the pension exclusion. ...

Read More

02 Mar Are these college savings really taxable in New Jersey?

Posted at 12:13h in Ask NJMoneyHelp, College, Taxes

New Jersey treats Coverdell education savings accounts differently from the feds....

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

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

24 Feb Can I avoid taxes on Social Security and IRA income?

Posted at 06:03h in Ask NJMoneyHelp, Taxes

Pay attention to the standard deduction when you're calculating your income. ...

Read More