Archive for Tag: indexing

IRS just raised tax brackets 7% for inflation, it’s time NJ do the same, says Munoz

TRENTON, N.J. – The Internal Revenue Service adjusted tax brackets for 2023 by about 7% in an attempt to counter rapid inflation, the IRS said in a statement on Tuesday. But state tax brackets haven’t changed since 1996. That could mean New Jersey workers whose wages haven’t kept pace...

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Assembly GOP leaders put income, property tax cuts to a vote

TRENTON, N.J. – The Democrats’ support of a more affordable New Jersey was put to a vote on Thursday when Republican leaders pressed the Assembly majority to advance bills cutting income taxes and providing immediate property tax relief. The bills are part of the Assembly GOP’s proposals to combat...

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