What should NJ do with all that new money? | NJ Spotlight News njspotlight.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from njspotlight.com Daily Mail and Mail on Sunday newspapers.
Republican state senators said Thursday that New Jersey ought to return some of its $5.2 billion tax revenue windfall to taxpayers through tax rebates and expanded property tax relief. The call for direct tax relief comes a day after state Treasurer Elizabeth Muoio announced tax collections are on track to come in a stunning $4.1 billion higher than expected in the fiscal year that ends June .
Do I need to file a tax return for the Senior Freeze?
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Q. I didn’t qualify for Senior Freeze in the 2018 to 2019 years because my taxes didn’t go up, but they skyrocketed in 2020. I meet all the requirements for the Freeze except I didn’t file state or federal tax returns in 2019 because I didn’t make the minimum required to file. Should I file a 2019 return before filing for the 2020 Senior Freeze? Senior
A. The Senior Freeze is a benefit that is available for those age 65 or older or residents who are receiving federal Social Security Disability benefit payments as of Dec. 31, 2019.