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Key Tax Provisions in NJ’s Fiscal Year 2022 Budget

Key tax relief components of the Fiscal Year 2022 Budget include, but are not limited to: Middle Class Tax Rebate: In Fiscal Year 2022, over 760,000 New Jersey families will receive an up to $500 tax…

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Philadelphia Tax Rate Changes Starting July 1st

Philadelphia is changing the rate of its: wage tax; earnings tax; net profits tax; and school income tax. The changes are effective July 1, 2021. Reduced Rates The new resident rate for the wage tax, earnings…

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Important Changes to the Child Tax Credit

Recently, there were changes made to the child tax credit that will benefit many taxpayers. As part of the American Rescue Plan Act that was enacted in March 2021, the child tax credit: Amount has increased…

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