Taxes
November 26, 2025Taxes
What Are Examples of Tax-Exempt Items in New Jersey?
See which essentials—like clothing, groceries, medications, and certain services—avoid New Jersey sales tax, plus the nuances that still trigger tax.
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Wasserman Accounting News - Page 3
Explore our latest updates on tax strategy, accounting compliance, and operational best practices curated by the Wasserman Accounting team. - News Page 3
Taxes
November 26, 2025Taxes
How Much Does New Jersey Tax on Social Security?
Learn how New Jersey treats Social Security benefits, which retirement income exclusions are available, and what property tax relief seniors can leverage.
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November 26, 2025Taxes
Who Started the Exit Tax in NJ?
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.
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November 26, 2025Taxes
How Much Tax Do You Pay on Inheritance in NJ?
Understand New Jersey’s inheritance tax classes, rates, and planning considerations so beneficiaries know when they’re exempt and how to minimize liabilities.
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November 14, 2025Taxes
Are Groceries Taxed in New Jersey?
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.
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April 14, 2025Taxes
Choosing the Right CPA Firm in New Jersey: A Step-by-Step Guide
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.
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April 14, 2025Taxes
Exit Tax for New Jersey: Everything You Need to Know
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.
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April 14, 2025Taxes
Are Capital Improvements Exempt from Sales Tax in NJ?
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.
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April 14, 2025Taxes
What Items Are Exempt from Sales Tax in New Jersey? A Complete Guide
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.
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April 13, 2025Taxes
How Do I Avoid Capital Gains Tax When Selling a House in NJ?
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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