05 Apr April 5, 2021
NJMoneyHelp.com's eNewsletter for the week of April 5, 2021....
05 Apr Does N.J. give a tax break for paying down student loans?
There are education credits but not for paying down student debt....
05 Apr How can I avoid capital gains tax on inherited property?
If you sell quickly, you probably won't have a large tax to face. ...
02 Apr How are withheld taxes credited for COVID retirement withdrawals?
Your COVID withdrawal is only one part of determining taxes owed. ...
02 Apr When do I have to take my first IRA retirement distribution?
The rules for your first distribution have changed. ...
01 Apr Do I have to report this distribution on my 2020 tax return?
The CARES Act made changes to retirement distributions in 2020....
01 Apr Which tax return will the IRS base my third stimulus payment on?
You should file a 2020 tax return if you haven't received a stimulus payment yet. ...
31 Mar Do I pay more tax on my COVID withdrawal if taxes were withheld?
The exact amount of tax owed will depend on your complete tax situation. ...
31 Mar What’s the best place to keep cash I will use to pay off mortgage?
Money that you need in the short-term shouldn't be in the stock market....
30 Mar Can I use severance pay to qualify to save in an IRA?
There are eligibility requirements to meet before you can invest in an IRA....