Tag: tax time

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So We Guess TurboTax is Not Really Free ,Free after all

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FTC Sues Intuit for Its Deceptive TurboTax “free” Filing Campaign

the staff of the Ridgewood blog

Ridgewood NJ, the Federal Trade Commission is taking action against Intuit Inc., the maker of the popular TurboTax tax filing software, by issuing an administrative complaint against the company for deceiving consumers with bogus advertisements pitching “free” tax filing that millions of consumers could not use. In addition, to prevent ongoing harm to consumers rushing to file their taxes, the Commission also filed a federal district court complaint asking a court to order Intuit to halt its deceptive advertising immediately.

Continue reading So We Guess TurboTax is Not Really Free ,Free after all

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A Guide to Doing Your Taxes for The First Time In New Jersey

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the staff of the Ridgewood blog

Ridgewood NJ, A huge part of growing up is doing your own taxes. In fact, some people consider it to be the toughest part of becoming an independent individual. Not only are most of us bad at math, but also, where do we start? How do taxes work? What do you get taxed for? How much should you pay? All of these are questions that often face every single person as they are starting out their own lives. These are also questions that people tend to ask whenever they move into a different state; it can be exceptionally confusing because of the difference between what you were used to in your previous state and your current situation. However, there is no need to stress about it because of two reasons; stress isn’t healthy for you at all, and also because this guide is going to show you how to take care of your taxes if you happen to be living in the wonderful New Jersey.

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TAX Time :Democrats win their largest N.J. Assembly majority in 36 years

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Democrats win their largest N.J. Assembly majority in 36 years

Democrats tightened their control of the state Assembly in Tuesday’s elections, wresting at least three seats away from a Republican party ruled by Gov. Chris Christie, a presidential candidate whose popularity has dropped at home. Brent Johnson, NJ.com Read more

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Obamacare penalty may come as shock at tax time

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Obamacare penalty may come as shock at tax time

By Tom Howell Jr. – The Washington Times – Sunday, January 18, 2015

Those Americans who didn’t get health insurance last year could be in for a rude awakening when the IRS asks them to fork over their Obamacare penalty — and it could be a lot more than the $95 many of them may be expecting.

The Affordable Care Act requires those who didn’t have insurance last year and didn’t qualify for one of the exemptions to pay a tax penalty, which was widely cited as $95 the first year. But the $95 is actually a minimum, and middle- and upper-income families will actually end up paying 1 percent of their household income as their penalty.

Read more: https://www.washingtontimes.com/news/2015/jan/18/obamacare-penalty-may-come-as-shock-at-tax-time/#ixzz3PGuVeKXu

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NJ gay couples celebrating at tax time, but married status also brings challenges

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NJ gay couples celebrating at tax time, but married status also brings challenges

APRIL 12, 2014, 11:10 PM    LAST UPDATED: SATURDAY, APRIL 12, 2014, 11:44 PM
BY STEPHANIE AKIN
STAFF WRITER
THE RECORD

Tax time has been described as anxiety-inducing and unnecessarily confusing, and its inescapability has even been equated with death. Now, it’s being pointed to as a reason for celebration — at least by same-sex couples who for the first time can check off the box that says “married” on their 1040s.

Tim Eustace and his husband, Kevin, marked the occasion by going out to dinner in downtown Maywood, where they live. Jeff Farlow, 30, of Pine Hill posted his refund on Facebook. And Jeff Gardner, 45, of Hawthorne described a visit to the accountant with this incongruous adjective: “Momentous.”

Sure, filing as a newly married couple entails its own set of headaches, and filing for the first time as a same-sex married couple comes with an assortment of questions. But many said the symbolic significance is worth the hassle — at least this time around.

“It’s another act that points out that the government legally recognizes us as a legitimate couple,” said Charles Cumpston, a retired publishing executive from Fort Lee. “That’s pretty incredible.”

– See more at: https://www.northjersey.com/news/nj-gay-couples-celebrating-at-tax-time-but-married-status-also-brings-challenges-1.939002#sthash.9KjxuhKO.dpuf