Don’t Get Caught Off Guard: 6 Smart Tax Moves to Make Before Year-End
The holiday season will be ramping up and taxes may be the last thing on your mind. But if you carve out just a little time before December 31st, you could end the year on a stronger financial footing, and maybe even reduce your 2025 tax bill. Here are 6 tax-smart moves to consider before the ball […]
Tax-Smart Giving in a Challenging Economy
With rising costs and increasing need, many nonprofits are relying more than ever on community support. Fortunately, there are ways to contribute meaningfully and make smart financial choices. Whether you’re able to give a little or a lot, planning your charitable giving by December 31, 2025, can benefit both the causes you care about and […]
Year-End Planning for Small Businesses: Don’t Leave Money on the Table
As we prepare for the 4th quarter of the year, many business owners are focused on finishing strong, serving customers, and planning for the holiday rush. But there’s another important task that shouldn’t be overlooked: year-end tax planning. A few smart moves before December 31 can help reduce your tax bill and set your business […]
Tax Tips for College Bound
Heading off to college comes with more than books and dorm checklists; it can also bring tax implications worth planning for now. Education Tax Credits like the American Opportunity Credit or Lifetime Learning Credit can help offset tuition, fees, and course materials for up to $2,500 of tax savings from tax credits, subject to income […]
Summer Side Hustles: What You Need to Know About Taxes
Summer is the perfect time to pick up a side hustle, as many do. Teachers on break, students home from college, or anyone looking to boost their income often take on part-time gigs like tutoring, dog walking, freelancing, or selling goods online. While that extra income can be a real benefit, it comes with one […]
Congratulations, you’ve filed your return. Now what?
The mad dash is over, it’s a great time to take a fresh look at your financial picture. Use this quieter stretch to assess, adjust, and plan: 1. Review Your Return The rush has passed; review a copy of your filed return. Take note of where your income came from, which deductions and credits you […]
Owe Taxes but Can’t Pay? Keep Calm and Read On!
You’ve crunched the numbers and realized you owe more than your wallet can handle. Before you panic, let’s break it down so you can avoid unnecessary penalties. Take steps to keep your peace of mind: File Your Return Anyway Even if you can’t pay, file your tax return on time (or file an extension) to […]
Real Estate Tax Savings for NJ Seniors
New Jersey Senate Bill 3693/Assembly Bill 4706 was signed into legislation by Gov. Phil Murphy on November 1, 2024. This legislation has created the new “Stay New Jersey Property Tax Credit Program” which will allow seniors aged 65 and older who earn less than $500,000 per year to receive a credit up to 50% of […]
A Little Preparation Will Make Tax Season Less Taxing This Year!
Tax season can be a stressful time of the year for many taxpayers! However, there are steps that you can take to prepare and make tax time less stressful for you and your tax preparer- as follows:
Which Type of Tax Preparer is Right for You?
If you are considering hiring a tax preparer this year – you have the following options to choose from: an uncertified tax preparer, an enrolled agent, or a CPA. Which type of tax preparer is right for you? An uncertified tax preparer doesn’t need a high school diploma, GED, or any degree to obtain an […]