November 20, 2008
Lawmakers break property-tax standoff
In a potential breakthrough in the property-tax stalemate, House and Senate leaders have agreed to consider a new approach that would give super-sized exemptions to homeowners and create first-ever exemptions for all other property owners.
Corzine seeks to avert gas-tax hike
Dodging calls to raise the gasoline tax, Gov. Corzine yesterday announced a five-year plan to borrow more money and refinance existing debt to bail out the state's near-bankrupt Transportation Trust Fund.
Not all caregivers can get tax breaks
If you're supporting an elderly parent, you may qualify to claim that parent as a dependent or seek other deductions on your tax return. For tax year 2007, claiming an additional personal exemption would reduce your taxable income by $3,400. But to claim this tax break, you must pass the following tests:
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