newjerseynewsroom.com

1. Democrats provide rebates, tax breaks in revised N.J. state budget
(N.J./State)

... $250,000 would be allowed up to a $5,000 deduction. Under these terms, the property tax deduction would be available to 94 percent of households. The budget also provides rebates for seniors and disabled ...

2. Small businesses agree they want relief from high health costs
(Money/Economy)

...  He backs giving individuals a tax deduction for purchasing their own health insurance, saying employees should make the health insurance choice that's best for them. "Why is it an employer's responsibility ...

3. N.J. Legislative committees approve amended $28.6 billion budget
(N.J./State)

... rate on income earned between $400,000 and $500,000 from the current 6.37 percent to 8 percent, raising an estimated $83 million. It eliminates the property tax deduction for households with income above ...

4. Credit card users could soon deduct interest from N.J. income taxes
(Money/Economy)

...  Once upon a time taxpayers could deduct the interest on credit cards from their federal taxes. But in an effort to simplify the tax code in 1986, Congress phased out that deduction, as well as the one ...

5. How the IRS might tax your health benefits
(Money/Economy)

... tax deduction of $6,025 for individuals and $15,210 for families, plus $2,000 per child. The deduction phases out for higher income workers. The bill would also require employers to boost wages by the ...

6. Holt proposes 5-year extension on property tax relief initiative
(N.J./State)

Washington, D.C. — Rep. Rush Holt today introduced legislation to extend his federal property tax relief initiative for five years. The property tax deduction — which benefits homeowners who do not itemize ...

7. A Consumer's guide to health care reform
(Health/Healthquest)

... of the two. Q: What about my other taxes? Will they go up to pay for an overhaul? A: Other tax increases are under discussion. The administration has proposed limiting the value of itemized tax deductions ...

8. "Angels and Demons" a dumb thriller that fails to deliver
(Entertainment/Movies)

... help Langdon interpret the puzzles and clues he finds all over Rome. Not that Langdon needs the help – incredulously enough, his deductions, though wildly haphazard at times, prove accurate nearly every ...

9. Burzichelli’s plan: Convert property tax rebates to direct tax credits
(N.J./State)

... the state's homestead property tax rebate as a direct credit to homeowners on their tax bills. It also would protect homeowners' sensitive personal information by removing certain property tax deduction ...

10. Coalition approves of steps to share burden with wealthy
(N.J./State)

... over $1 million per year by .5% and creates a new tax bracket for residents making between $400,000 and $500,000, raising their rates to 8%. In addition, the Governor is suspending the property tax deduction ...

11. Republicans offer little criticism of move to abolish rebates
(N.J./State)

... property taxes. Over 300,000 seniors will see no change in their property tax deductions and 84 percent of all filers will receive a property tax deduction, according to the Treasury Department.  ...

12. Soda tax could help fund health care plan
(Health/Healthquest)

... the 10-year health care reform trust fund -- through a 28% cap on deductions for U.S. households in the top two tax brackets -- would raise $266.7 billion over 10 years, about $51 billion less than the ...

13. Oh No Buono
(Comments/Unsorted comments)

Yes, another tax will solve our problems. And don't forget, Obama is going to raise the federal bracket to 36% on families making over $250k while reducing deductions to 28% of their value, meaning many ...

14. Dining out for less
(Money/Economy)

... deduction, buy the book through community organizations or religious groups. While each regional edition may be priced individually, the purchase price is typically between $25 and $45. Since the ...