Supporting a Relative? You May be Entitled to Tax Breaks
May 2nd, 2012Supporting one’s relatives may enable you to claim your relative as a dependent and deduct his medical expenses which you pay.
Archive for the 'Income Taxes' Category
Got An IRA? Here’s a Tip That Can Save You NJ Income Taxes
April 2nd, 2012Withdrawals from many retirement accounts may be taxable to the IRS. However the portion of withdrawals which represent original contributions to IRAs, 403 (b) plans and Keoghs is non-taxable to NJ.
Long-Term Care Insurance- A Wise Investment
December 23rd, 2011There are many financial and non-financial benefits of having long-term care insurance. One can safeguard his assets and his health by having long-term care insurance.
New NJ Homestead Benefits for 2010
July 27th, 2011NJ Homestead Benefits for 2010- reduction of 2012 property tax bill. See schedule of rates.
Dementia Caregiver Expenses Tax Deductable!
July 7th, 2011Caregiver expenses for dementia patient were tax deductable. Caregivers were not licensed and payments were not for cure or treatment of disease, yet payments satisfied two requirements to be considered qualified long-term services.
