Taxes

If you were wondering when the New Jersey(NJ) 2008 Homestead Rebate application is due or if you are eligible for the property tax rebate you came to the right place. The deadline for filling the NJ Homestead rebate is September 1st 2009. The application packets were mailed the week of July 27th and everyone should have them by August 11th.  For those that didn’t receive a packet then go to How To File Section for more information. The easiest way to file is to use the NJ Homestead web filing application.  You will not need any other information than your […]

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I mentioned last year that against my frugal intuition I shelled out the big bucks to hire a CPA to do my taxes.  I wanted to follow that post up and share my insight after another year of experience and knowledge to answer the question is it worth getting a CPA to do your taxes.  Here are six reasons you should consider hiring a good Certified Public Accountant: Your taxes are somewhat complicated. Complicated can mean any of the following: extra income from say blogging or contracting, investments, child care expenses during work hours, mortgages or refinancing, energy efficient home […]

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DOW Down 778 Points – My Response

by The Happy Rock on September 30, 2008

Nothing.  Ok, nothing is a exaggeration, but it drives home the point that nothing has changed from a personal perspective.  The principles remain the same after after a horrid financial day as they were on Sunday when things weren’t this bad.  If anything a day like today should make you more eager to dump your debt and get on solid financial ground so that you can be in as much control as possible.  Ultimately other than trying to influence your representative, you can only control what you do.  Wasting energy in fear and stress will only harm you unless it […]

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Bear Sterns, Freddie & Fannie, Lehman Bros, Merrill Lynch, AIG…all big names that I normally don’t care anything about. Until now. Yesterday while I was mindlessly entering data (my new part time job) I was also listening to a Public Radio program called “Fresh Air”.  Joining host Terri Gross was Michael Greenberger, who proceeded to explain how Wall Street’s woes could affect other markets, including money markets. It opened my eyes (or should I say ears) to how the recent headlines could end up affecting me. Click here to listen for yourself. Spoiler Alert!!!  Spoiler Alert!!! Even though Mr. Greenberger […]

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The original filing deadline for the New Jersey(NJ) 2007 Homestead Tax Rebate was on Friday August 15th.  Fortunately New Jersey extended the Homestead Rebate filing deadline until October 31st 2008 for those that missed it.(1) Homeowners who owned a house in New Jersey before October 1st of the previous year, paid property taxes, and make less than $150,000 AGI are eligible for a tax rebate.   You can view the exact eligibility requirements here on the NJ Taxation website.  Also remember that the NJ State Budget requires that they use the 2006 property tax amount in order to help cut costs. The last […]

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What Exactly Is The Stimulus Check? Not A Rebate?

by The Happy Rock on May 14, 2008

As I discussed whether it’s our patriotic duty to consume our rebate checks, I started thinking that I didn’t fully understand what the ‘rebate’ check is anymore. Everyone calls it a tax rebate check, but it seems to have morphed into a handout or something else along the lines. Originally, it seemed like it would be rebate on our 2008 taxes based on our 2007 returns. It doesn’t seem to be that clear cut anymore. Even the language of the media and the IRS website don’t seem to mention rebate anymore, just payment. Is it a handout? Is it a […]

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To Stimulate Or Not To Stimulate?

by The Happy Rock on May 12, 2008

The Happy Rockette mentioned something about our stimulus check that got me thinking. We already have a plan to spend the money on some improvements to the condo. We can enjoy then for the next year our and they will help our house sell when the time comes. I mentioned that the $1500 would look pretty nice in our down payment account, and she hinted that we should use the money for its designed purpose….to stimulate. She was being somewhat tongue and cheek to counter act my subverting of the plan, but until that moment I hadn’t considered that people […]

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Find Out The Delivery Date Of Your IRS Stimulus Package

by The Happy Rock on April 16, 2008

The IRS lists the schedule of the stimulus package checks for tax returns processed by April 15th. The dates are determined by the last two digits of you Social Security Number and whether you are using direct deposit or paper check. According to the schedule our $1500 rebate should be direct deposited on May 9th. We plan to comply with the stimulus directive and do a couple of projects around the house. Click Here for the Stimulus payment schedule. Update – It looks like the checks will start shipping on Monday the 28th of April, a week earlier than the […]

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Check The Status Of Your Federal IRS Tax Refund

by The Happy Rock on April 15, 2008

I thought this was a useful little page provided by the IRS. With you Social Security Number, Tax filing status, and the refund amount you can find out the status of your 2008 Federal Government taxes. I got this message: We have received your tax return and it is being processed. Unless we find mistakes or you owe other taxes, you should receive your refund by April 29, 2008. I will be surprised if the direct deposit takes that long, but I did file closer to the deadline when it is busier. Click Here to check your status.

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Professional Tax Preperation Saved Me Over $5,000

by The Happy Rock on April 7, 2008

Well, the results are in from the CPA vs. Turbo Tax and other DYI tax programs fight. The winner is………quality professional tax preparation by a landslide. Here is the break down: My CPA isn’t responsible for all of the savings, but the service was definitely worth the cost. First, we tuck away 40% of The Happy Rockette’s paycheck, so we knew we had more than enough for our 2007 taxes. We were expecting a bill of around $4,000 dollars between federal and state. One big difference was that we made about $6,000 less than 2006. I didn’t work any overtime […]

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