Business & Finance

April 28, 2021

After each of the three Economic Impact Payments is issued, the IRS is required to mail a notice to each recipient's last known address. The notice provides information about the amount of the payment, how it was made and how to report any payment that wasn't received. Some people may receive ...

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PISCATAWAY, NJ — Rows of diamond and gold jewelry sparkled on Friday as township and county dignitaries gathered to help Jewelry Design Lab cut the ceremonial red ribbon to officially open for business. “We’re super excited to be part of the Piscataway community,” said owner, Sagar Bhalla, a GIA ...

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WASHINGTON — The Internal Revenue Service reminds taxpayers to check their tax returns for common errors that could delay refunds or otherwise affect normal processing. Here are some ways to avoid tax return slipups as the May 17 due date gets closer. Use electronic filing. Filing ...

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Special to TAPinto. This story was written and produced by NJ Spotlight. It is being republished under a special NJ News Commons content-sharing agreement related to COVID-19 coverage. To read more, visit njspotlight.com. NJ SPOTLIGHT-- The head of the state agency that handles unemployment ...

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WASHINGTON − The Internal Revenue Service and the Treasury Department announced  further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving COVID-19 vaccinations. The additional details, provided in a ...

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TRENTON, NJ — New Jersey has opened preregistration to distribute another $85 million in coronavirus-related aid to a targeted group of small and medium-sized businesses. The New Jersey Economic Development Authority’s Small Business Emergency Assistance Grant Program — now in its fourth phase — ...

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PISCATAWAY, NJ — After a short soft opening period, Piscataway’s newest jewelry store, Jewelry Design Lab will celebrate their official Grand Opening April 22-30. GIA Certified Gemologist Sagar Bhalla and his team invite residents to join them at their ribbon cutting on Friday, April 23 at ...

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WASHINGTON — The Internal Revenue Service today continued an ongoing effort to help those experiencing homelessness during the pandemic by reminding people who don’t have a permanent address or a bank account that they may still qualify for Economic Impact Payments and other tax benefits. While ...

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Legislation is Part of a $100 Million Relief Package for New Jersey Small Businesses ATLANTIC CITY, NJ — Gov.Phil Murphy recently signed into law A-5444, which provides $35 million in federal COVID-19 relief aid for restaurants throughout New Jersey. The bill provides aid to a particularly hard ...

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WASHINGTON – Unclaimed income tax refunds worth more than $1.3 billion await an estimated 1.3 million taxpayers who did not file a 2017 Form 1040 federal income tax return, according to the Internal Revenue Service. “The IRS wants to help taxpayers who are due refunds but haven’t filed their ...

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WASHINGTON − As people across the country file their 2020 tax returns, some are claiming the 2020 Recovery Rebate Credit (RRC). The IRS is mailing letters to some taxpayers who claimed the 2020 credit and may be getting a different amount than they expected.  It’s important to remember that the ...

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Special to TAPinto. This story was written and produced by NJ Spotlight. It is being republished under a special NJ News Commons content-sharing agreement related to COVID-19 coverage. To read more, visit njspotlight.com. Now looking at a $6 billion surplus, state treasurer tells lawmakers it ...

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Special to TAPinto. This story was written and produced by NJ Spotlight. It is being republished under a special NJ News Commons content-sharing agreement related to COVID-19 coverage. To read more, visit njspotlight.com. NJ SPOTLIGHT-- Despite the ongoing pandemic, New Jersey will close out its ...

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WAYNE, NJ – The American Rescue Plan was signed into law on March 11. Some funding in this law provided us with our $1,400 economic stimulus payments. It also earmarks billions of dollars for rent and mortgage support, recovery money for states and tribal governments. This law will also be the ...

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MEDFORD, NJ - Gov. Phil Murphy was in Burlington County on Thursday to sign into law S3523, which provides $25 million in federal COVID-19 relief aid for small businesses throughout New Jersey. The bill focuses on providing a lifeline to microbusinesses with five or fewer employees. The bill is ...

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NEW JERSEY — New Jersey was ranked as the seventh highest state with the overall tax burden with a 9.98% overall state tax according to personal finance website WalletHub’s  2021 Tax Burden by State report. Nearby New York was the highest taxed state in the nation. What accounts for New Jersey's ...

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The IRS continues to issue the third round of Economic Impact Payments to eligible individuals, with payments being issued as a direct deposit or by mail as a paper check or prepaid EIP debit card. No action is needed by most eligible people to receive a third Economic Impact Payment ...

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TRENTON, NJ – Gov. Phil Murphy has announced that the state income tax filing and payment due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021 to mirror actions taken by the IRS. The extension was made under the authority of the ...

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WASHINGTON — The Internal Revenue Service reminds taxpayers that the most convenient way to check on a tax refund is by using the “Where’s My Refund?” tool at IRS.gov or through the IRS2Go Mobile App. Taxpayers can start checking their refund status within 24 hours after an e-filed return is ...

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WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming ...

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WASHINGTON — The Internal Revenue Service reminds taxpayers about the rules for required minimum distributions (RMDs) from retirement accounts. A retirement plan account owner must normally begin taking an RMD annually starting the year he or she reaches 70 ½ or 72, depending on their birthdate ...

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WASHINGTON — The Internal Revenue Service said that it plans to continue its efforts to expand ways to communicate to taxpayers who prefer to get information in other languages. For the first time ever, the agency has posted to IRS.gov a Spanish language version of Form 1040 and the related ...

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TRENTON, NJ — With the threat of foreclosures looming across the state and country because of the economic downturn and covid lockdown, Governor Phil Murphy recently signed a new law that provides direct assistance to those faced with losing their home. The measure, sponsored by Senator Troy ...

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WASHINGTON – The Internal Revenue Service announced that the third round of Economic Impact Payments will begin reaching Americans over the next week. Following approval of the American Rescue Plan Act, the first batch of payments will be sent by direct deposit, which some recipients will start ...

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WASHINGTON — The Internal Revenue Service notes that taxpayers of all ages may be able to claim a deduction on their 2020 tax return for contributions to their Individual Retirement Arrangement made through April 15, 2021. There is no longer a maximum age for making IRA contributions. An IRA is ...

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WASHINGTON – The Internal Revenue Service urges people to continue practicing proper cybersecurity habits by securing computers, phones and other devices. Scams and schemes using the IRS as a lure can take on many variations, so practicing personal information security is vital. This news ...

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WASHINGTON – The Internal Revenue Service reminds taxpayers to choose a tax return preparer with care. Even though the vast majority of tax return preparers provide honest, quality service, some cause great harm through fraud, identity theft and other scams every year. People value good tax ...

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IRS YouTube Videos: Free Help Preparing Your Tax Return -- English | Spanish | ASL Do-It-Yourself Free Tax Preparation -- English | Spanish Do Your Taxes for Free With Free File – English | Spanish | ASL WASHINGTON –– During this tax season when many people are trying to stay safe at ...

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Every filing season comes with its own set of challenges and 2021 is no different. The IRS wants taxpayers get the information they need as quickly as possible. Taxpayers can keep these tips in mind when they get ready to file. Following them will help get this year's taxes done accurately and ...

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WASHINGTON – The IRS announced that, as required by law, all legally permitted first and second round of Economic Impact Payments have been issued and the IRS now turns its full attention to the 2021 filing season. Beginning in April 2020, the IRS and Treasury Department began delivering the ...

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