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Phone: 973-455-1894 | 51 Dumont Place, Morristown, NJ 07960 | Get directions!

Kiely Capital Management offers financial planning and investment advice. Serving Central and Northern New Jersey, Yvonne and Bernard (Bernie) Kiely provide over 25 years of experience offering discretionary asset management, retirement planning and income tax preparation. KCM is registered with the State of New Jersey as a Registered Investment Advisor.


“The only thing we sell is good advice.”

©2018 Kiely Capital Management Inc. All rights reserved.

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Q. Can I deduct out-of-state property taxes on a summer-only cottage my New Jersey tax return? TurboTax shows yes, but I’ve seen conflicting information. I just want to do the right thing.— Taxpayer

A. The new tax plan changed the way property taxes can be deducted.


Q. Are active duty military personnel exempt from the 2 percent exit tax when they sell/transfer their former home in New Jersey?

— Seller

A. Your service won't exempt you from the so-called exit tax.

But here’s the thing: the exit tax isn’t actually an extra tax. It’s an...

December 28, 2017

Most individual tax payers follow the cash receipts and cash disbursement basis rules.  This means income is income in the year you receive or are entitled to receive the income.  Expenses are expenses in the year you pay the expense.  You can make the payment in cash,...

A look at whether it's worth prepaying property taxes in the wake of the GOP tax plan.(click/morguefile.com)

** Addition on Dec. 27: Despite Gov. Christie's executive order requiring that municipalities in New Jersey allow homeowners to prepay 2018 property taxes (as lo...

Advisors have been responding to emails, writing blogs, updating their Twitter accounts and even running client tax returns with the new rates to keep antsy investors informed about the most sweeping tax overhaul in more than a quarter century.

Good news can be easy to...

How you can get back what you pay for the "exit tax."(MichaelKirsch/morguefile.com)

Q. In June 2016 I sold my home in New Jersey while residing in Delaware. The home was purchased in 2004 and we moved in 2007. The "exit tax" withheld $10,000. Can this be reclaimed when...

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