05 Nov I lost my job but not from COVID. Will I pay a 401(k) penalty?
The CARES Act waived penalties for early retirement withdrawals. ...
05 Nov Can I claim home office expenses because of COVID-19?
Because of the pandemic, more employees than ever are working from home. ...
03 Nov We’re separated. What happens if I take money from my 401(k)?
New Jersey considers all assets and debts before you get a divorce. ...
03 Nov Can I use my pension as earned income for a Roth IRA?
You must have certain kinds of income to contribute to a Roth IRA. ...
02 Nov Can you avoid the exit tax if you’re over 65?
The exit tax is really an estimated tax on the sale of your home. ...
30 Oct How are you taxed when you inherit an IRA?
When you withdraw money from an inherited IRA, it's taxed as ordinary income. ...
30 Oct In what tax year does the ‘millionaire’s tax’ start?
This new tax was passed in 2020 in the State of New Jersey....
29 Oct Will I have to pay taxes twice on this retirement withdrawal?
Your investment company will usually withhold taxes from IRA withdrawals. ...
28 Oct After my husband died, how can I qualify for the Senior Freeze?
There are specific requirements to qualify for this property tax break for seniors. ...
27 Oct What will I owe in taxes if I sell this bond fund?
Your realized gain equals the difference between the net asset value (NAV) of the shares on the sale date and the cost basis of those shares....