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Tax deadline 2020: Federal and state tax return filing deadline is Today Wednesday, July 15th

Taxes-1

the staff of the Ridgewood blog

River Edge  NJ, Assemblywoman Holly Schepisi  in a post on Facebook she reminds everyone please do not forget to file your taxes today. And while we are on the subject of taxes, for anyone who doesn’t understand why people leave this State — I just received my own tax returns from my accountant. I owed the Federal government $0. In fact many years I overpay. The State of NJ? I owe them money almost every single time. How or why can I owe the Federal government nothing and owe thousands of additional dollars to NJ? Because New Jersey does not allow you to take many of the deductions that are allowed at the Federal level. For everyone complaining about the SALT Cap at the Federal level these are the items that NJ does not let you deduct:

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