Home prices soared for a second straight year in NJ during 2021. After climbing 12% in 2020, they gained about another 15% in 2021.
continue readingNJ home sales were down for each of the last five months of 2021.
continue readingRetail space vacancy (including restaurants) in New Jersey is up by 4 million square feet compared to the beginning of 2020.
continue readingQ: 3 Year End Real Estate Tax Tips A: Year End Real Estate Tax Tip #1. Prepay quarterly estimated state tax payments. Disclaimer: I am not an accountant Consider paying your fourth-quarter estimated state income taxes or any outstanding state income taxes by the end of December. Your payments will be tax deductible for this tax year if you’re not subject to the alternative minimum tax (AMT). Year End Real Estate Tax Tip #2. Contribute the maximum amount of $ allowed to your retirement account There are very few investments better than tax-deferred retirement accounts because they compound your money over time free of taxes. The sooner you get your money into the retirement account, the sooner it has the […]
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