If I take from my Roth IRA, will I get the pension exclusion?
By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. My wife and I are both over 62 with income of $130,000: $52,000 from IRA...
Cathy Marshall
Can I take losses on my stocks and use the standard deduction?
By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. If you elect to take the standard deduction for the 2020 tax year, can you still...
Cathy Marshall
What is the New Jersey ‘exit tax’ used for? To fund schools?
By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. What is the New Jersey ‘exit tax’ used for? To fund schools? — Taxed enough A. The...
Cathy Marshall
Will getting unemployment benefits hurt my Social Security benefits?
By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. I lose 50 cents on the dollar on my Social Security if earnings are over $18,000...
Cathy Marshall
How can I file my tax returns electronically and for free?
By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. I use TurboTax to prepare my taxes and file the federal return. They charge $25 to...
Cathy Marshall
Will I be charged a fee if I sell a home for $1 million?
By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. Forget taxes for a moment. If I sell a home for $1 million but I have a mortgage...
Cathy Marshall
Is it smarter for taxes to buy my mom’s home or inherit it?
By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. My mother purchased her house in Jersey City for $100,000 and it’s now worth...
Cathy Marshall
Can I open a Roth IRA for my 12-year-old son?
By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. Can I open a Roth IRA for my 12-year-old son? He will get a Social Security check...
Cathy Marshall
Why can't I get this property tax break on my home?
By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. I’m inquiring about the property tax discount for veterans. Prior to 2015, I was...
Cathy Marshall
I can’t fund the IRA I put on my tax return. What can I do?
By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. On my 2019 tax return, I took the tax credit for a traditional IRA contribution in...
Cathy Marshall
