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Tax Bracket Creep Will Continue to Drive NJ Income Tax Bills Higher

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the staff of the Ridgewood blog

Ridgewood NJ, as the Internal Revenue Service (IRS) announced changes to federal income tax brackets to protect workers from inflation, Senator Anthony M. Bucco called for New Jersey lawmakers to advance his legislation to prevent tax bracket creep at the state level for New Jerseyans.

Continue reading Tax Bracket Creep Will Continue to Drive NJ Income Tax Bills Higher

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Trenton Democrats Stall Income Tax Indexation offering No Relief to New Jersey Tax Payers

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the staff of the Ridgewood blog

Trenton NJ, after the Internal Revenue Service (IRS) announced changes to federal income tax brackets to protect workers from inflation, Senator Anthony M. Bucco called for New Jersey lawmakers to advance his legislation to prevent tax bracket creep at the state level for New Jerseyans.

Continue reading Trenton Democrats Stall Income Tax Indexation offering No Relief to New Jersey Tax Payers

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Time to Index New Jersey’s Income Tax Brackets for Inflation to Protect Working Families

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the staff of the Ridgewood blog

Trenton NJ, Republican senators called for action on their plans to save New Jersey taxpayers from suffering state income tax increases next year due to inflation after the Treasury Department estimated the cost of “tax bracket creep” at $543 million in FY 2023.

Continue reading Time to Index New Jersey’s Income Tax Brackets for Inflation to Protect Working Families

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Time to index New Jersey’s gross income tax brackets annually for inflation

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Trenton NJ, Senator Anthony M. Bucco said it’s clear the State can afford legislation he sponsors to provide inflation relief to New Jersey taxpayers after Governor Phil Murphy announced an extra $4.6 billion in tax collections this year that wasn’t expected.

Continue reading Time to index New Jersey’s gross income tax brackets annually for inflation