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....

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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. ...

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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. ...

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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. ...

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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. ...

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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. ...

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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. ...

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24 Feb I haven’t filed taxes in over 10 years. What should I do next?

Posted at 06:02h in Ask NJMoneyHelp, Taxes

The IRS is unlikely to forget about unpaid taxes or unfiled tax returns. ...

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21 Feb How the SECURE Act changed the inherited IRA

Posted at 06:02h in Ask NJMoneyHelp, Estate Planning, Taxes

Beneficiaries of inherited IRAs can no longer take distributions over their lifetimes. ...

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17 Feb What about estimated taxes with the pension exclusion?

Posted at 12:41h in Ask NJMoneyHelp, Taxes

If you qualify for the pension exclusion, you may be tax-free in New Jersey. ...

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