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07 Jan What happens to Senior Freeze if I do a Roth conversion?

Posted at 05:01h in Ask NJMoneyHelp, Real Estate, Taxes

A one-time income boost may interfere with this property tax benefit. ...

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03 Jan If I leave this house to my sister, will she owe inheritance tax?

Posted at 05:01h in Ask NJMoneyHelp, Estate Planning, Real Estate, Taxes

The state's inheritance tax is based on your relationship to the person who dies....

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02 Jan How do reverse mortgages work? Should I get one?

Posted at 05:01h in Ask NJMoneyHelp, Estate Planning, Real Estate

You should not enter into a reverse mortgage lightly. Do the research. ...

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01 Jan Can a dead person’s ANCHOR be reissued in heirs’ names?

Posted at 05:01h in Ask NJMoneyHelp, Real Estate, Taxes

The most recent ANCHOR benefit is for the 2021 tax year. ...

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30 Dec Do I lose ANCHOR and other benefits with a house in a trust?

Posted at 05:01h in Ask NJMoneyHelp, Estate Planning, Real Estate, Taxes

The specifics of the trust matter so it's worth meeting with a professional....

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25 Dec I own a home with a partner. Do we both full ANCHOR benefits?

Posted at 05:01h in Ask NJMoneyHelp, Real Estate, Taxes

The ANCHOR benefit pays up to $1,750 to homeowners and $700 for renters. ...

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24 Dec Can I save on taxes when I sell my second home?

Posted at 05:01h in Ask NJMoneyHelp, Real Estate, Taxes

It depends on whether you ever rented out the home. ...

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17 Dec Does a deed have to be changed to get property tax benefits?

Posted at 05:01h in Ask NJMoneyHelp, Estate Planning, Real Estate

There are pros to changing a deed after someone dies. ...

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11 Dec Is there a table that shows all the N.J. property tax breaks?

Posted at 05:01h in Ask NJMoneyHelp, Real Estate, Taxes

A new tax benefit will make it easier to keep track of the options. ...

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money

09 Dec If I sell my N.J. condo, will I owe capital gains tax?

Posted at 05:01h in Ask NJMoneyHelp, Real Estate, Taxes

Some property sales have tax benefits, while others may cost you. ...

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