If they didn’t have enough to worry about, these restaurants can add a proposed tax increase to the pile that would certainly be crippling to these New Jersey businesses.
New Jersey has created a new child tax credit of up to $500 per child under 6. It might not be paid until 2024, but sponsors intend to speed that up by a year.
State revenues in May were nearly 39% smaller than one year earlier, but the state Treasury says that's because the income tax deadline was delayed in 2021.
Businesses have been looking for help to avoid a hike in what they pay into the unemployment fund. They might instead get credits offsetting other taxes.
State Senate committee advances a package of consumer protections, including limits on tax refund anticipation checks that purport to be free but aren't.
The 2021 stimulus authorized by President Joe Biden is no different with regard to taxes than the two rounds paid out under President Donald Trump in 2020.
The credit itself is continuing in 2022, but will only come back to families once they file taxes at the beginning of 2023; the same goes for the current tax season and the other half of last year's credit that wasn't paid out monthly.
A law enacted Friday expands eligibility for New Jersey's child and dependent care tax credit to families with incomes up to $150,000, among other changes.