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More from New Jersey…

Nov 10, 2022 | News

New Insurance Requirement

As of November 3, 2022, landlords and business owners in New Jersey are required to carry $500,000 in liability insurance for deaths or bodily injuries that may occur at their properties. For small, multifamily rental properties that are owner-occupied, the minimum liability insurance is $300,000.  Proof of compliance is supposed to be provided annually to the municipality in which the business or property is located, but the bill does not specify how that is to be accomplished.

Bye-Bye Homestead Rebate, Hello Anchor Program

New Jersey replaced the popular Homestead Rebate program with the Anchor Program.  A resident who owned or rented a principal residence on October 1, 2019 with income under the statutory limit can apply for this benefit by December 30, 2022.  Application can be online(https://www1.state.nj.us/TYTR_Saver/jsp/common/HBWelcome.jsp ), by telephone (877-658-2972), or with a paper application, available for homeowners with instructions at https://www.state.nj.us/treasury/taxation/pdf/anchor/anchor-h.pdf.  You will need your 2019 income information to file.

Good News for New Jersey Taxpayers

Good News for New Jersey Taxpayers

According to the Tax Foundation, New Jersey’s property tax collections per capita are higher than any other state.  Many of our clients, especially seniors, contemplate moving either to escape our cold weather or to escape our notorious property taxes. In an effort to...

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Client Spotlight: D’Arcy Johnson Day

Client Spotlight: D’Arcy Johnson Day

D’Arcy Johnson Day was founded in 2008 when the law offices of D’Arcy Johnson (Patrick D’Arcy, Andrew D’Arcy & Steven Johnson) combined with Christopher Day and Richard Albuquerque.  Both firms specialized in representing injured people and their goal was to...

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Tax Trivia

Tax Trivia

In honor of the end of this year's tax season, here's some trivia questions for you! We can't promise they'll make you a hit at the next dinner party, but some of them are interesting nonetheless. How many answers do you know?The first true income tax ever was in what...

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Where does it Come From?

Where does it Come From?

We’ve all seen the pie charts of where our federal dollars go, but I had never thought about where those dollars come from until I read an article in the Wall Street Journal last April.  Would you be as surprised as I to find out that just over half of federal...

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You Have Rights! Health Insurance Edition

You Have Rights! Health Insurance Edition

Although health insurance providers seem like judge, jury, and executioner when you are denied coverage or a claim is denied, that is not necessarily the end of the story.  You do have rights, probably more than you realize. Let’s start with the Health Insurance...

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