Explore our latest updates on tax strategy, accounting compliance, and operational best practices curated by the Wasserman Accounting team. - News Page 5
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.
Read article →Contact us anytime
Leave your details and a partner will reach out within one business day to discuss the services you need.
