The “Nanny Tax” Must be Paid for More than Just Nannies

July 23, 2019

You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you.

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A Good Time to Review Your Investments

July 17, 2019

You may have heard about a proposal in Washington to cut the taxes paid on investments by indexing capital gains to inflation. Under the proposal, the purchase price of assets would be adjusted so that no tax is paid on the appreciation due to inflation.

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Volunteering for Charity: Do You Get a Tax Break?

July 10, 2019

If you’re a volunteer who works for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount to as much as you think your generosity is worth.

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You may have to pay tax on Social Security benefits

July 2, 2019

During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefits, you may be surprised to learn that some of the payments may be taxed.

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New Jersey Minimum Wage Rate Increase Effective July 1, 2019

July 1, 2019

Beginning on July 1, 2019, the New Jersey state minimum wage rate will increase from the current rate of $8.85 per hour to $10.

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If Your Kids are Off to Day Camp, You may be Eligible for a Tax Break

June 26, 2019

Now that most schools are out for the summer, you might be sending your children to day camp. It’s often a significant expense.

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