Tag: charitable

As expected, IRS throws cold water on Phil Murphy’s SALT workaround scheme

WASHINGTON, D.C. — The IRS isn’t messing around with blue states trying to circumvent the new tax law. On Thursday, the federal government’s tax enforcement arm issued a long-expected missive explaining that the workarounds adopted by states like New Jersey to Read More

Kean Jr. Pushes for NJ Tax Write-Off for Charitable Contributions

Credit: Martin Griff

Credit: Martin Griff Senate Minority Leader Tom Kean Jr. Concerns are running high among nonprofit organizations that new federal tax policies could influence the flow of charitable contributions in New Jersey, and those fears may give lawmakers reason to take Read More

Op-Ed: Let’s douse the flames on the charitable taxing plan

Creating loopholes Will Not Help Taxpayers By Katie Cericola __ The response by high taxed states to the federal tax reform signed last month by President Trump, has been – to say the least – interesting. By that I mean Read More

Murphy and Gottheimer’s charity tax deduction idea is both lazy and stupid

Governor-elect Phil Murphy and his Democrat allies — including Josh Gottheimer (D, NJ-05) — have latched onto every possible hairbrained response to GOP federal tax reform, and the new $10,000 cap on SALT deductions, EXCEPT the most logical reaction: lowering Read More