With the U.S. Tax Cuts and Jobs Creation Act dominating the news you may have missed some of the changes for New Jersey State tax in 2017. One significant item is the Veteran’s Exemption. New Jersey is allowing a generous exemption to veterans in 2017. Veterans, honorably discharged from military service will be allowed a […]
taxes
Preparing for Upcoming Taxes: 5 Things You Can Do Now
Your income tax obligation needs to be on your mind year-round. Here are some ways you can get a jump on your taxes. Summer’s over. The kids are back in school. And soon, there’ll be only three months left. If you haven’t started thinking about how to minimize your income tax obligation for this year, […]
Trump’s Tax Plan: 4 Things You Need To Know
Now that both houses have approved the Tax Cuts and Jobs Act, it is certain 2018 will be the year of reform. Most of the details of the plan are set and we can now plan to do things before the end of 2017 that will create tax savings. There is no time to waste […]
IRS Issues 2018 Standard Mileage Rates
The optional standard mileage rates for business use of a vehicle will increase slightly in 2018, after decreasing in the two previous years, the IRS announced Thursday (Notice 2018-3). For business use of a car, van, pickup truck, or panel truck, the rate for 2018 will be 54.5 cents per mile, up from 53.5 cents […]