Explore our latest updates on tax strategy, accounting compliance, and operational best practices curated by the Wasserman Accounting team.
Stay ahead of every New Jersey tax deadline for 2025 with a comprehensive checklist covering individuals, businesses, sales tax, extensions, and penalties.
Read article →Discover how New Jersey handles sales tax on clothing and footwear, the exceptions that still trigger tax, and why the policy attracts out-of-state shoppers.
Read article →See which essentials—like clothing, groceries, medications, and certain services—avoid New Jersey sales tax, plus the nuances that still trigger tax.
Read article →Learn how New Jersey treats Social Security benefits, which retirement income exclusions are available, and what property tax relief seniors can leverage.
Read article →Trace the origins of New Jersey’s so-called exit tax, understand why it was introduced, and learn how withholding works for non-resident sellers.
Read article →Understand New Jersey’s inheritance tax classes, rates, and planning considerations so beneficiaries know when they’re exempt and how to minimize liabilities.
Read article →New Jersey generally exempts most unprepared grocery items from sales tax, making it more affordable for residents to purchase essential food products. However, not all food items are tax-free. Certain prepared and specialty items remain taxable, and understanding these distinctions can help you shop smarter.
Read article →Follow this practical checklist to evaluate CPA firms in New Jersey based on services, credentials, communication, and pricing—so you can partner with the right team.
Read article →Get a complete explanation of New Jersey’s exit tax withholding, from who pays it and how it’s calculated to exemptions, refunds, and common misconceptions.
Read article →In New Jersey, capital improvements to real property are generally exempt from sales tax. However, for the exemption to apply, the work must be permanent, add value to the property, and meet certain requirements set by the state. Additionally, homeowners must provide the correct exemption certificate to their contractor to avoid being charged sales tax.
Read article →Learn which everyday purchases—clothing, groceries, medical items, and more—avoid New Jersey's 6.625% sales tax, and how residents and businesses can properly claim exemptions.
Read article →Review practical strategies—like primary residence exclusions, basis adjustments, and 1031 exchanges—to minimize capital gains tax when selling a New Jersey home.
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