Archive for Tag: income taxes

Tax exemptions will entice more workers to save for retirement, Thomson says

TRENTON, N.J. – More employees would be eligible to make tax-exempt retirement contributions under a bill moved out of the Assembly Financial Institutions and Insurance Committee Monday. Assemblyman Ned Thomson’s legislation (A512/S737) would provide income tax exclusions for contributions made to 401(a) pensions, 403(b) plans, 408 IRAs, 457 deferred-compensation...

Read More

VIDEO: Move aside Mr. Grinch, NJ has inflationary tax hikes

TRENTON, N.J. – Record-high inflation, New Jersey’s built-in income tax hikes, and a Democrat-controlled government combine to create a mean holiday Grinch. Consumers in New Jersey are feeling the extra squeeze this season, because Trenton Democrats have rejected calls to index income taxes to inflation, say Assembly Republicans. This...

Read More