National Tax Reform

 

Democrats in High-Tax States Plot to Blunt Impact of New Tax Law

Posted: January 2, 2018
Democratic lawmakers in high-tax states, including New Jersey, are considering tax code tweaks and other measures as they grapple with the new tax law's cap on state and local deductions.

Taxpayers Should Weigh Considerations Before Deciding to Prepay Property Taxes

Posted: December 22, 2017
The New Jersey Society of CPAs (NJCPA) cautions taxpayers to weigh the pros and cons of prepaying their property taxes, and to consider several factors when deciding to prepay.

Sweeney: N.J. Must Be Smart in Coping with Federal Tax Bill

Posted: December 22, 2017
An op ed by New Jersey Senate President Steve Sweeney (D-Gloucester).

NJ May Fight the 'Legality and Constitutionality' of GOP Tax Plan, Says Gov.-Elect Murphy

Posted: December 21, 2017
New Jersey Gov.-elect Phil Murphy told CNBC on Wednesday that the GOP tax plan making its way to President Donald Trump is an "awful bill for America."

AICPA Disappointed by Tax Reform Bill’s Exclusion of CPAs

Posted: December 20, 2017
American Institute of CPAs president and CEO Barry Melancon issued a statement Wednesday following passage by Congress of the Tax Cuts and Jobs Act expressing disappointment that the bill doesn’t give CPA firms the same favorable tax treatment provided to other pass-through entities.

NJ Lawmakers Unveil Bipartisan Plan to Save SALT, Cut Taxes

Posted: December 7, 2017
Democratic Rep. Josh Gottheimer (NJ-5) and Republican Rep. Leonard Lance (NJ-7), two members of the Problem Solvers Caucus, unveiled a Bipartisan fix to save the State and Local Tax Deduction, cut taxes for New Jersey families and businesses, and reduce the deficit.

Senate Passes Tax Reform Bill, But It Isn’t Over Yet

Posted: December 6, 2017
On Saturday, Dec. 2, in the early morning hours, the Senate voted to pass the “Tax Cuts and Jobs Act,” after vigorous debate and a number of amendments.

NJCPA Letter to NJ House Delegation on Tax Reform

Posted: November 15, 2017
The New Jersey Society of CPAs sent a statement to the New Jersey House Delegation regarding elements of concern in the House tax reform plan.

National Tax Reform — Questions for New Jersey Residents

Posted: November 15, 2017
Asking the right questions can help New Jerseyans get a picture of how GOP-backed tax reform will impact them.