* The National Association of Tax Professionals (NATP) has prepared a “media backgrounder” outlining several common “Tax myths taxpayers are falling for in 2026”.
* Hey, NJ, senior homeowners (highlights are mine) –
“The Stay NJ program offers property tax benefits to eligible homeowners aged 65 and older. It reimburses applicants for 50% of their property tax bills, up to a maximum of $13,000, with a 2025 benefit cap of $6,500. To qualify {for 2025 payments send in 2026 – rdf}, you must have owned and lived in a home for the full 12 months of 2025 and have an income below $500,000. . . . . Stay NJ benefits are calculated after ANCHOR and Senior Freeze benefits are determined and are issued quarterly.
And - “We will begin issuing First-Quarter payments for the 2024 Stay NJ Program on February 9, 2026. Eligible recipients will receive their paper checks in the mail.”
* Back to the National Association of Tax Professionals, it provides “Trump 530A
Accounts explained for tax professionals” – which also provides useful
information for taxpayers.
* The F.I. TAX GUY provides a guide to help in “Understanding Your Form 1099-DIV”
* The IRS explains “New Schedule 1-A and Form 1040 instructions show how taxpayers will claim important deductions”.
Regarding the section of Schedule 1-A on the new “Senior Deduction” – see my post “Is A Puzzlement”.
TTFN
No comments:
Post a Comment