New Jersey's Tax Exempt Property

Today, the property tax exemption battle continues. Should your church be able to build a large building to lease to a For Profit Day Care Center and with the rent money pay off the building's mortgage? Does a private school need a golf course for golfers who are not students when school is out so as to defray the expense of the golf course? These are the questions that local tax assessors, the courts and the government in Trenton struggles with daily.

Class-action Lawsuit Filed Over Bush Tax Refund Program

According to lawyers, millions of small businesses and low-income taxpayers will be excluded from a Bush administration tax refund program.

New Jersey's Tax Exemption And Abatement Laws

A fifteen year old long term tax exemption law and a fifteen year old five-year tax abatement law have served to promote the construction and rehabilitation of residential, commercial and industrial structures in areas threatened with economic and social decline. The State authority given to municipalities to grant these partial tax subsidies is a powerful force in the New Jersey economy, creating thousands of jobs and generating millions of dollars in wages and tax revenues each year. P.L.1991, c.431 with final retroactive amendments effective August 5, 1992 consolidated, into one more flexible law, the various long term tax exemption laws under which municipalities may agree with private entities to undertake redevelopment projects in return for tax exemptions. P.L.1991, c.441, effective for the first full tax year commencing after its January 18, 1992 enactment, consolidated the various five-year tax abatement and exemption laws into one, more standardized law to govern all tax abatements and exemption regardless of the type of structure.

Tax Break for College Tuition Payments

If you are writing a college tuition check, there may be a hidden tax break that will allow you to deduct a part of your college tuition payment. In order to do this, you must utilize a 'Section 529' College Savings Plan in one of the 26 states that provide a tax deduction or credit when you deposit the money.

Federal Tax Returns

Congress first imposed the first federal income tax in 1862 to raise money for the Union in the Civil War. A 3% tax was fixed on incomes above $600. Those with incomes above $10,000 had to pay 5% in taxes.

Tax Refund Estimators

Don’t be in the dark about your taxes. If you are not very good with numbers but would like to get a clear estimate of how much you have to fork over to the government, then use a tax and tax refund estimator. This easy-to-use software will not only make managing your taxes a lot easier, but possibly also save you a lot of money.

Filing a Joint Tax Return With Your Spouse

They say the world works on a concept known as balance. To counterbalance the joys of your honeymoon, you get the misery of filing a joint tax return with your spouse.

Income Tax Refunds

If you are expecting an income tax refund like millions of US taxpayers, read on. The good news is, you will have extra money. The bad news? It will be tough figuring out how to use it.

Grassley: Bush Tax Cuts Have Not Caused Rising Deficits

Citing the latest Congressional Budget Office deficit report, Senator Chuck Grassley has argued that the Bush tax cuts have not eaten into the revenue base and are not the cause of rising deficits.

An Introduction To Income Tax Software

Most people dread the prospect of filing income tax returns because the tax code seems so complex. Many people find the process of filing income tax to be far more cumbersome than paying the taxes itself. Preparing one's tax returns involves a lot of number crunching and one small mistake can cause major problems. Accuracy is a must while calculating the tax return and many people feel frustrated at the pages of instructions in the tax booklets. This is where software applications, like income tax software, are helpful. Income tax software helps an individual in preparing his or her tax returns by taking care of all the necessary calculations so that the process becomes relatively simple.

Property Tax Relief

Property tax is a tax on real estate, boats, aircrafts or other real property that is paid by the owner of such a property. The tax is determined on the basis of the value of the property. Property tax relief is a rebate or refund that the government provides to property owners who pay taxes on their property. This is a way to lighten the burden of tax on citizens.

Tax Relief For Small Businesses

The small business segment creates a lot of new jobs. Even though big business always demands the limelight, small businesses play their part in providing a support base to the national, state, and local economies. They are critical in providing the much-needed economic vitality, especially in traditional areas of commercial activity. Given their importance to the national economy, tax plans and reforms have targeted small businesses in terms of providing them various kinds of tax relief.

Real Estate Tax Deduction - Have Your Cake And Eat It Too

Owning a property can help you benefit from the real estate tax deduction. This tax deduction can actually be broken down in to several separate advantages. Find out more...