Small Businesses Can Use Recycling Center Starting January 4
Effective Monday, Jan. 4, 2010, small businesses in Somerset County will be allowed to drop off materials at the Somerset County Recycling Center, located at 40 Polhemus Lane, from 7:30 to 9:30 a.m., Monday through Friday. To qualify as a small business, you must have between one and 50 employees.
The types of materials that will be accepted at the Recycling Center are newspapers; cardboard and chipboard; commingled containers, which include glass bottles, plastics bottles (marked with a #1 or #2), and steel, bi-metal and aluminum cans. Bring recyclable items in a cardboard box or bucket.
The following items will not be accepted: electronic waste, scrap metal, tires, plastic bags, chemicals or hazardous materials.
There will be no reimbursement for recyclable materials dropped off.
For additional information, call the Recycling Center at 732-469-3363.
IRS Announces 2010 Standard Mileage Rates
IR-2009-111, Dec. 3, 2009
WASHINGTON — The Internal Revenue Service today issued the 2010 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
50 cents per mile for business miles driven
16.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations
The new rates for business, medical and moving purposes are slightly lower than last year’s. The mileage rates for 2010 reflect generally lower transportation costs compared to a year ago.
The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs as determined by the same study. Independent contractor Runzheimer International conducted the study.
A taxpayer may not use the business standard mileage rate for a vehicle after using any depreciation method under the Modified Accelerated Cost Recovery System (MACRS) or after claiming a Section 179 deduction for that vehicle. In addition, the business standard mileage rate cannot be used for any vehicle used for hire or for more than four vehicles used simultaneously.
Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.
Revenue Procedure 2009-54 contains additional details regarding the standard mileage rates.
Henderson Sotheby's International Realty Welcomes First Father/Daughter Sales Team
Henderson Sotheby's International Realty, a luxury real estate firm based in Princeton, N.J., is excited to announce that the father/daughter team of Robert Fass and Debbie Wierzbicki have joined the company. They will work out of the Montgomery office at 2161 Route 206 in Belle Mead.
The Fass/Wierzbicki Team specializes in residential real estate in Montgomery Township, Princeton and the neighboring areas. Their family has lived in the area since 1939 and has sold real estate for the Henderson family for three generations. Their multi-generational experience offers a unique insight into all facets of the real estate market, from the first-time home buyer to empty nesters looking to down size.
Bob Fass offers over 24 years of experience and extensive knowledge of the communities and schools in the area. He is a Certified Real Estate Appraiser (CREA) and has completed over $75,000,000 in sales over his real estate career. He has extensive education experience as a former teacher and guidance counselor.
Debbie brings a current perspective for young families and has gained tremendous knowledge of the local school districts as a parent with a background in education. She is a founding member of the Montgomery Township Special Education PTA, and an active participant of both the New Jersey Epilepsy Foundation and the National Junior Tennis League.
Bob and Debbie are detail-oriented people who are dedicated to assisting their clients in navigating the often challenging aspects of real estate transactions. Please contact them to service any of your real estate needs at 908-874-0000. They'd love to help you.
GLORIA NILSON REALTORS IN PRINCETON ACHIEVES 100% CUSTOMER SATISFACTION RATING FOR 2009
Princeton, NJ, February 10, 2010 – Gloria Nilson Realtors announced today that their Princeton office achieved a 100% customer satisfaction rating in 2009, as measured by an independent research company. In the real estate industry, which is driven by repeat business and referrals, customer service is priority #1.The seasoned sales professionals in this office consistently provide superior Premier Service® to home buyers and sellers in their market area.
Through the Premier Service® program, buyers and sellers are asked to complete a survey evaluating the service they received. Once completed, the surveys are tabulated by an independent research firm and the results provide an overall ranking for the office.
“I am proud of everyone in our Princeton office and very grateful for their continued excellence in service” said Pat Bell, president of Gloria Nilson Realtors. “Achieving 100% in customer satisfaction is a tremendous accomplishment, and it takes ever sales associate in the office to make this happen. Especially given the challenging year our market experienced in 2009, this achievement speaks volumes about how we service our clients,” Bell continued.
For an office to qualify for a 100% customer service rating, every agent in the office has to receive a 100% rating on every customer survey returned.
Premier Service is one of the most comprehensive and effective customer-service programs in the real estate industry. Through the program, GMAC Real Estate’s sales associates put in writing, up front, the services they will perform. Following the transaction, customers are asked to honestly rate their agent’s performance through a written survey.
Gloria Nilson Realtors specializes in providing leading real estate services in Middlesex, Mercer, Monmouth, Somerset and Ocean Counties. The award winning Princeton office is located at 33 Witherspoon Street, Princeton, NJ. For additional information, contact the office at 609-921-2600 or visit their website at www.glorianilson.com.
About Gloria Nilson GMAC Real Estate
Gloria Nilson GMAC Real Estate has 16 offices and more than 600 sales associates throughout New Jersey. Owned by SCS Realty Investment Group, LLC, led by Dick Schlott, the company is a franchise of GMAC Home Services, which is owned by Brookfield RPS, a division of Brookfield Asset Management Inc. BRPS has one of the largest relocation companies in the world and its Realtor® network is nearly 30,000 strong, based out of 1,500 locations across North America.
Play It Again Sports To Close
Big sale on sporting goods
Play It Again Sports in Raritan, which has served the sporting goods needs of the surrounding communities for 18 years is closing its doors this coming Spring.
Owners Wayne and Debbie Krout have lived and worked in Montgomery for over 25 years. They were active in the local recreational baseball and soccer leagues having served as officers,coaches and volunteers. Wayne was a founding officer of the original Montgomery Baseball League. Play It Again Sports has also been a past sponsor and supplier for both the soccer and baseball leagues. Their three sons, Brad, Kevin and Derrick were actively involved in sports at the recreational and high school level.
Due to the present economic conditions facing many small businesses the owners have decided to close their business this spring. Sports equipment both new and used is discounted up to 70% off. Baseball, Lacrosse, hockey, golf, exercise, and soccer equipment can be found at great discounts. The store is open 7 days a week. For hours of operation you can call 908-725-2232.
Wayne and Debbie are grateful to the community for their support over the years and want to thank all of their past and prenet loyal customers.
New Work At Site of Old County Line Inn
New construction has begun at the site of the old County Line, which became Dakota. It had been purchased by an investor group, and was under renovation to become Tusk Fusion Restaurant, an Asian themed eatery, when it caught fire and burned to the ground on March 15, 2009.
Since then, the site had been dormant until this winter, when construction trucks were seen at the site.
According to one person, Jimmy Vastardis, owner of Blue Water Sea Food Restaurant in East Brunswick, the new restaurant will be a steak and seafood restaurant. Mr. Vastardis, who says that he is no longer a partner with the other owner, Christopher Chang, expects the new restaurant to be open sometime around September, 2010.
Starting a Home Business in Montgomery
By Lea Florentine
In these tough economic times, people are seeking creative ways to generate income. For some, a home business may be the answer. Possibilities include telemarketer, author, therapist, small mail order business owner, craft maker, tutor, music teacher, travel agent, real estate agent, appraiser, or contractor. What are Montgomery Township's regulations regarding such ventures? When is a zoning permit or site plan required? What are the constraints on the amount of space a home business can use?
Following are regulations for all home businesses, whether big or small. They are allowed in single family detached houses in residential neighborhoods. They can operate from 7 am to 7 pm Monday through Friday and 8 am and 4 pm Saturday, but not on Sundays. The owner of business must also be the owner of the house. Only one other nonresident employee at any given time is permitted to come to the site to work. Additionally, no more than two client or customer vehicles can be parked at the home at any time, and only during daylight hours. These vehicles must be passenger, not commercial, vehicles.
Traffic, noise, fumes, dust, glare and odors are considered potential nuisances by the Planning Board, and must be controlled and minimized by home businesses. The residential appearance and character of the neighborhood must be maintained. Any equipment used cannot interfere with radio or television reception in neighboring residences. If you want to get your name out there, a sign for a home business can consist of an unlighted nameplate two square feet or less in area attached to a postal box, but no business-related exterior lighting can be added.
So when do you need a zoning permit or site plan?
With the simplest home business, where a member of the household is the only employee; no part of the home or accessory buildings are used solely for the business; no business-related deliveries are made to or from the site (except in the resident employee's own vehicle); and no clients or customers come to the site, a zoning permit or site plan is not required.
If no more than two members of the household are employed by the business, 200 square feet or less of net habitable floor area within the house - and none of the accessory buildings - are used strictly for the business, and business-related deliveries to or from the site (except in the resident employees' own vehicle) are made by vehicles with no more than four wheels and two axles, then a zoning permit must be obtained from the Township's Zoning Department.
Businesses larger or more complex than the above two scenarios require that a minor site plan be submitted to and approved by the Planning Board. If a vehicle/equipment permit is applied for with the site plan submission, and then granted by the Planning Board, up to two commercial vehicles (with a capacity of one ton or less each) and/or pieces of equipment (weighing four tons or less each) are allowed at a home business. These should be garaged when not in use.
So what are the square footage limitations for home businesses?
No more than 25% of the home's net habitable floor area or 1,000 square feet - whichever is less - can be used for the business. Also, no more than 1,000 square feet of gross floor area can be used, including any accessory buildings or structures on the property. Lastly, the total gross square footage used by the business (including accessory buildings or structures) must not exceed 50% of the gross floor area of the home itself.
If you are considering erecting a new accessory building or structure for use by a business, you must submit a minor site plan to the Planning Board for approval. Any business-related structure or building must not cover more than 1,000 square feet of the lot and must be no more than 25 feet tall, with garage door openings twelve feet or less in height. The usual lot coverage limits (from 10 to 25%, depending on how the lot is zoned) and setback requirements apply. In some cases, additional screening may be needed for accessory buildings or parking areas, or if there is not sufficient setback.
For information on the regulations, see the Home Occupations section of Montgomery Township's zoning code via the Montgomery Township website (www.montgomery.nj.us). Select 'Code, Municipal & Health' from the list on the left margin; then 'Montgomery Township Code and Board of Health'. From the list on the left margin, select 'Revised General Ordinances'; then Chapter XVI - Land Development; then section 6.7 - Home Occupations.
To apply for a zoning permit or submit a minor site plan, contact Joe Palmer, Montgomery Township's Zoning Officer in the Zoning Department at the Municipal Building.
Nine IRS NJ Offices Open Saturday February 20
Special Assistance Available for Tax Questions and Issues; NJ-2010-16, February 9, 2010
MOUNTAINSIDE NJ - Nine Internal Revenue Service offices will open their doors on Saturday, February 20, 2010. IRS staff will provide assistance for taxpayers dealing with difficult economic times.
In order to assist taxpayers, nine IRS Taxpayer Assistance Centers (TACs) are open on Saturday, February 20, 2010 from 9:00 a.m. to 2:00 p.m. in the following New Jersey locations:
Cherry Hill – 57 Haddonfield Road
Edison – 100 Dey Place
Freehold – 4 Paragon Way
Jersey City – 30 Montgomery Street
Newark – 20 Washington Place
Paramus – 1 Kalisa Way
Parsippany - 1719-C Rte. 10
Paterson – 200 Federal Plaza
Trenton – 44 South Clinton Avenue
“There are many tax credits and deductions that may help individuals struggling in tough economic times to save money on their taxes this year,” said New Jersey’s IRS spokesperson Gregg Semanick. “For example, this year many people will qualify for the Earned Income Tax Credit (EITC) for the first time because their incomes declined, their marital status changed or because of credit expansions to help people as part of the American Recovery and Reinvestment Act of 2009. Under the act, taxpayers with three or more children get an extra boost with a larger credit this year.”
IRS employees will answer questions for taxpayers on the full range of tax law provisions such as the new allowance for $2,400 of tax-free unemployment compensation benefits. Free tax preparation and electronic filing for individuals who earn $49,000 or less will be available. Most tax forms are available in the TAC, although downloadable copies of tax forms on IRS.gov can save taxpayers a trip if all they require are tax forms.
Taxpayers who will not be able to pay their full tax liability by the April 15, 2010, deadline and need to ask for an installment plan can receive assistance from IRS employees in arranging appropriate payment schedules. Individual taxpayers will also be able to get assistance with existing issues such as levies on wages or bank accounts, bills and notices and collection letters.
“We are trying to help people cope with tax related questions and issues they may never have faced before,” Semanick said. “IRS TACs are not typically open on Saturdays, but we hope making extra service available on Saturday will help ease the burden some people are experiencing.”
In addition to IRS help, there are more than 12,000 free tax preparation sites nationwide that are run by community organizations partnering with the IRS. Volunteer Income Tax Assistance (VITA) programs assist people who earned $49,000 or less and Tax Counseling for the Elderly (TCE) programs assist individuals 60 and over with their 2009 income tax return preparation and electronic filing. Many of these sites have Saturday hours while others offer assistance at various times during the week. To locate the site nearest you call the IRS at 1-800-906-9887.
New Montgomery Business Pages on Twp. Website
Montgomery Township is pro-business; finding ways to assist existing businesses. Expansion of our non-residential base is a top priority. The township Economic Development Commission takes the lead on these issues.
After having held several successful local business forums, the EDC has now launched an economic development section to the township’s website. It serves as the site for a new local business directory and also as a clearinghouse of information for businesses. It may be found from twp. website main page:
www.montgomery.nj.us click on Economic Development link in left sidebar menu
Business Website Highlights include:
· Business Directory
· Guide to Operating a Business in Montgomery
· Sign Ordinance FAQ
· Non-residential Zoning Districts
· Permits & Regulations
· Business Demographics of the Township
· Local Business & Economic Development News
· EDC Members & Key Twp. Personnel
· Ribbon Cutting Ceremony Availability
“We want to help strengthen the Montgomery business community,” said Thom Carter, Township Committeeman and Liaison to the Economic Development Commission. “One way that residents can help Montgomery get back on track is by patronizing township businesses.”
Find them in the new directory! If you would like your business to appear within the on-line directory, please email planning@montgomery.nj.us or call Lori Savron at 908-359-8211 ext. 206.
Cherry Valley Country Club – Business Profile
In an economic time when so many families are cutting back on discretionary spending, Cherry Valley Country Club has managed to beat the odds. The member-owned club, set on the rolling hills of an historic Skillman farmstead, is not only holding onto a steady membership level, but increasing it too.
“People are choosing to stay closer to home in this financial climate,” says President Hugh Hurley, “and spend more time with their families. Cherry Valley Country Club is designed to be the premier family country club in central New Jersey; we work very hard to provide something for everyone.” And that, he believes, is one of the keys to Cherry Valley’s success.
The club has a unique combination of activities to offer members of all ages, from children to seniors: a Rees Jones designed golf course, superior tennis and golf programs geared to every level of expertise, a solid aquatics program, an exceptional dining experience and even a bocce league.
Hurley is also very proud of the close-knit feel of the club. When club members walk through the door, every staff member greets them by name. That kind of personal attention, says Hurley, is due to the consistency of our membership and our staff.
“Many clubs haven’t been able to ‘get the recipe right,’” says Hurley. He credits much of Cherry Valley’s success and special atmosphere to their long-time management team. Heading up the team is Tom Hurley, General Manager/COO (no relation to Hugh), who has a strong background in managing country clubs and has been with Cherry Valley for over six years.
Director of Golf/Head Golf Professional Allan Bowman has been with Cherry Valley for 17 years and a member of the PGA for 20. His goal is to see that every member enjoys the experience, whether a serious golfer or someone out for a Sunday afternoon round with the family. Long-time Golf Course Superintendent Steve Wirth keeps the conditions of the course up to the highest standards. In 2005, the club was awarded “Course of the Year-New Jersey” by the National Golf Course Owners Association.
Director of Tennis Keith Pierson oversees the tennis program, which includes the USTA teams and successful juniors program. The aquatic center with its Olympic size pool and new zero-entry, soft-bottom kiddie pool is the centerpiece of this family-oriented club. In addition, the club has its own fitness center and after installing two bocce courts, now has a bocce league.
Completing the picture is the food and social scene. The cornerstone of the total dining experience at Cherry Valley is Executive/Celebrity Chef Michael Giletto. The award-winning chef has published five cookbooks, appeared on numerous television programs like Food Network’s Chopped and Iron Chef America and cooks for celebrities when they are in the area. Whether preparing a special dinner for a formal function at the club or one of the club’s less formal summer barbecues, Chef Giletto’s commitment to fresh, delicious food shines through.
“It doesn’t get any better than this,” says Hurley. “We’ve got the best golf course in the tri-state area, a true celebrity chef, popular tennis pro and programs and top-notch aquatic center.”
The club is made up of 500 families who all come to the club for different reasons, says Hurley. He points out that there is something for everyone. If you are social, there are lots of events, both formal and casual, to choose from. Not social? A quiet dinner for two might be in order. An athlete? There’s tennis, golf, swimming and fitness. There is even a bridge league and book clubs. “They’re like clubs within the club,” he says, “with everyone enjoying themselves.”
Membership to Cherry Valley is not limited to residents living in the Cherry Valley development. Current members come from all the surrounding areas. Those interested in becoming members should contact James Kozack, Director of Marketing and Membership, for a tour, a sample meal or to play a round of golf or set of tennis. He can be reached either by calling 609-466-4244, Ext.114 or emailing jkozack@cherryvalleycc.com
Cherry Valley Country Club, 125 Country Club Drive, Skillman. For more information, call 609-466-4244 or visit www.cherryvalleycc.com.
GLORIA NILSON REALTORS IN PRINCETON EARN NJAR® CIRCLE OF EXCELLENCE AWARDS FOR 2009
ELLEN LEFKOWITZ, ANNE NOSNITSKY, DIANE URBANEK, MICHELLE NEEDHAM, AND VANDANA UPPAL OF GLORIA NILSON REALTORS IN PRINCETON EARN NJAR® CIRCLE OF EXCELLENCE AWARDS FOR 2009
PRINCETON, NJ, February 24, 2010 – Ellen Lefkowitz, Anne Nosnitsky, Diane Urbanek, Michelle Needham and Vandana (Vani) Uppal of Gloria Nilson GMAC Real Estate in Princeton received NJAR® Circle of Excellence awards for 2009, ranking them among the top real estate professionals in the State. Ellen Lefkowitz and Vandana Uppal were awarded the Silver level, and Anne Nosnitsky, Diane Urbanek and Michelle Needham received Bronze level awards.
“I am extremely proud of Ellen, Anne, Diane, Michelle and Vani for their tremendous accomplishments this year,” said Pat Bell, President of Gloria Nilson Realtors. “These agents are the true definition of real estate professionals, and they are an important part of our leading team,” Bell continued.
The sales associates of Gloria Nilson GMAC Real Estate offer Premier Service®, a comprehensive customer-service program where sales associates put in writing, up front, the services they will perform. Following a transaction, customers are asked to honestly rate their agent’s performance through a written survey tabulated by an independent research firm. These agents and the entire Princeton office have a customer satisfaction rating of 100% for 2009.
The Princeton office of Gloria Nilson GMAC Real Estate is located at 33 Witherspoon Street Princeton, NJ 08542. To reach Ellen Lefkowitz, Anne Nosnitsky, Diane Urbanek, Michelle Needham or Vandana (Vani) Uppal directly, call the office at 609-921-2600. For information about properties available, visit www.glorianilson.com.
About Gloria Nilson GMAC Real Estate
Gloria Nilson GMAC Real Estate has 16 offices and more than 600 sales associates throughout New Jersey. Owned by SCS Realty Investment Group, LLC, led by Dick Schlott, the company is a franchise of GMAC Home Services, which is owned by Brookfield RPS, a division of Brookfield Asset Management Inc. BRPS has one of the largest relocation companies in the world and its Realtor® network is nearly 30,000 strong, based out of 1,500 locations across North America.
New Jersey HMFA Extends its First-Time Homebuyers “Prefund” Program
to Coincide with the Federal Tax Credit; Prefund Provides an Advance on the Tax Credit Refund for Use at Closing
Trenton, NJ – For first-time homebuyers thinking of buying their first home in New Jersey, the combined incentive and mortgage programs from the New Jersey Housing and Mortgage Finance Agency (NJHMFA) and the federal government have never been better. New Jersey residents who plan to buy their first home in 2010 are encouraged to act quickly to take advantage of a program that grants interest-free loans to assist first-time buyers with closing costs or down payments.
The popular Prefund program, extended to compliment the federal tax credit extension, provides eligible households with a loan of up to $5,000 in anticipation of receiving a federal tax credit after filing their 2010 tax returns. Prefund is now also extended to households who are not first-time buyers, but who are buying a new principal residence in one of 42 Urban Target Areas located throughout the state.
The NJHMFA is offering first-time homebuyers using an HMFA mortgage the opportunity to receive an advance on the federal funds on homes that must be under contract for purchase on or before April 30, 2010 and closing on the home on or before June 30, 2010.
The agency, an affiliate of the New Jersey Department of Community Affairs, created the program, dubbed ‘Prefund’, to supplement the federal tax credit being offered to first-time homebuyers as a result of the economic stimulus plan. Homebuyers participating in HMFA’s first-time homebuyer mortgage program can get an advance on their credit in the form of a zero percent interest bridge loan that must be paid back once they receive their federal tax refund check.
“More than 500 families took advantage of the Prefund program when it was initially offered, and we are trying to make sure that New Jersey residents know that the program is still available to help them plant roots here and raise their families in the state,” said HMFA Executive Director Marge DellaVecchia. “Since closings typically take six weeks from the time an offer is accepted, it is imperative that families in the market for a new home take advantage of this exclusive opportunity before it’s too late.”
The Prefund loan is available to individuals who meet the requirements of the first-time homebuyer mortgage program and who also qualify for the home buyers tax credit. The loan will not exceed $5,000 and amounts vary depending on martial and tax filing status. Homeowners have until June 30, 2011 to repay the loan.
“We work closely with New Jersey residents to help navigate the road to affordable homeownership through innovative loan and mortgage programs,” said DellaVecchia. “The Prefund helps put homeownership within reach for many of New Jersey’s first-time buyers by assisting with expenses that are often prohibitive for first time buyers, including down payments and closing costs.”
In addition to the Prefund loan program, HMFA offers a wide variety of assistance programs to aid first-time and urban home buyers and existing homeowners, such as low down payment first mortgages, Live Where You Work, Smart Start Down payment and Closing Cost Assistance Program and the Mortgage Assistance Pilot (MAP) Program.
Since its inception in 1967, the HMFA has been committed to making quality housing available at costs affordable to New Jersey residents. Aside from first-time homebuyers, the HMFA works with senior citizens in senior and assisted living facilities, the disabled in special needs communities, and the state’s most needy families in traditional affordable housing developments.
For further information on the Prefund Program or other assistance options, please call 1-800-NJHOUSE or go to www.nj-hmfa.com.
A/C Accounting & Consulting Services For Business People
A/C Accounting and Consulting Services, P.A. with locations in Montgomery Township and New York City provides services to the business needs of law firms, business and sole proprietors.
These services range from accounting, bookkeeping, business formation, consulting and tax planning, and preparation. A/C Accounting serves a diverse range of clients in the tri-state including attorneys, construction, educational organizations, retail stores (including gas stations), real estate and various service oriented businesses.
Anil Chhugani, CPA, its president and owner, has over 25 years experience in senior management positions in public accounting and law firms. He states, "Our clients understand the importance of financial reporting and we help them achieve their business goals by providing them with customized services for their business needs. In addition, periodic tax planning meetings are scheduled with our clients throughout the year."
Visit www.acaccountant.com for firm brochure and useful tax information.
Utopia For Pets – Business Profile
Utopia For Pets opened its doors in December 2009 and has found a niche in the community by catering to customers who want healthier alternatives for their pets. After seven years of running a pet sitting business, owner Mike Growney wanted to do something more. He saw the need for an eco-friendly store where pet owners could go, get information and buy healthier products for their pets.
Utopia For Pets, Montgomery’s only pet store, bills itself as a boutique for pets and has a unique style which customers feel the minute they walk in the door. The walls are a bright green and the myriad of products are displayed on natural wood shelving. Everyone is greeted by Growney’s own dog, Willow, a beautiful white Samoyed who is as friendly as she is beautiful. There is a sign on the door that says “Pets Welcome” and a “thirsty pup drinking station” right next to the front desk.
Utopia For Pets carries a wide variety of natural and holistic food, treats and pet accessories for dogs, cats, small animals and birds, and offers what owner Mike Growney says the big box pet stores can’t – a high level of customer service and, above all, knowledge.
“My main goal is to educate customers about the proper pet nutrition,” says Growney. “Most pet food is filled with bad things that can really harm our pets.”
Processed food is not good for people, says Growney, and it’s even worse for animals. Human bodies have learned how to deal with processed food, but animals have not. He points out that many of the eye, ear, skin and diabetes problems in pets can be traced back to bad nutrition. All the foods carried by Utopia For Pets are nutritious, says Growney, with no by-products, corn, wheat or gluten.
“Our specialized foods are grain-free,” he says, “since grains are huge allergens for animals.”
The toys are organic, with no harmful dyes and packaged in recycled materials. Even the treats are made from pure ingredients and not heavily processed. And for those who want to pamper their pets, Utopia For Pets carries Aroma Paws, a line of spa products for pets.
Expanding on his philosophy of educating pet owners, Growney holds product demonstration days right in the store. These demo days give customers the opportunity to learn more about the various product lines and be able to ask specific questions of representatives from the companies. Those who attend the demo days will leave with information and free samples of products. The store will also hold pet adoption days on Saturdays. For more information about these events, Growney suggests checking the store’s website.
Utopia For Pets, Princeton North Shopping Center, 1225 Rte.206, Princeton. Hours: M to F 10am-730pm; Sat 10am-5pm; Sun 10am-4pm. For more information call 609- 683-1500 or visit www.utopiaforpets.com, Facebook and Twitter.
Donations for Haitian Earthquake Victims May Be Tax Deductible; Be Careful of Scams
With recovery efforts underway many people may wish to contribute to relief funds for the victims of Haiti's recent earthquake. Contributions for Haitian earthquake victims may be tax deductible.
The IRS also wants to remind people to ensure that their donations are made to reputable organizations and not fall victim to fraudulent scams. Such fraudulent schemes may be perpetrated through the telephone, Internet, e-mail or in-person solicitations.
"Chose carefully and wisely when making donations to aid the earthquake victims," said Gregg Semanick, New Jersey's IRS Spokesman. "We encourage people to be prudent and careful when they are solicited for disaster donations."
The IRS offers these tips for making charitable contributions:
Contributions to domestic, tax-exempt, charitable organizations that provide assistance to individuals in foreign lands qualify as tax-deductible contributions for federal income tax purposes, provided that the U.S. organization has full control and discretion over the uses of such funds. Contributions to foreign organizations generally are not deductible. Contributions to benefit specific individuals or families are also not deductible.
Contributions are deductible in the year made. To deduct any charitable donation of money, regardless of amount, a taxpayer must have a bank record or a written communication from the charity showing the name of the charity and the date and amount of the contribution. For individuals, only taxpayers who itemize their deductions on Form 1040 Schedule A can claim deductions for charitable contributions.
IRS Publication 526, Charitable Contributions, provides information on making contributions to charities. IRS Publication 3833, Disaster Relief: Providing Assistance through Charitable Organizations, explains how the public can use charitable organizations to help victims of disasters.
Donors should ensure that their contributions go to qualified charities. Taxpayers who have a specific charity in mind can make sure it's a qualified charity by doing a search on IRS.gov by inputting the term "Search for Charities" in the search feature. Some organizations, such as churches or governments, may be qualified even though they are not listed on IRS.gov.
For additional information on charitable giving go to the IRS.gov Web site.
Several New Jersey IRS Offices Open on Upcoming Saturdays to Assist Filers
IRS Provides Assistance to EITC Filers: Cherry Hill, Edison, Freehold, Newark, Paramus, Parsippany, Paterson, Trenton Offices Open 9am – 2pm; January 30, February 6, February 20
NJ-2010-07, January 21, 2010
MOUNTAINSIDE NJ – Several Internal Revenue Service Taxpayer Assistance Centers in New Jersey will be expanding service to area taxpayers eligible for the Earned Income Tax Credit (EITC) by opening its doors on three Saturdays. The extra days and hours are being added to help potentially eligible taxpayers who may not be able to seek assistance during the work week.
“An expanded Earned Income Tax Credit means larger families will qualify for a larger credit,” said News Jersey’s IRS spokesman, Gregg Semanick. “EITC is for people who work, but have lower incomes, generally less than $48,279 in 2009. If you qualify, it could be worth up to $5,657 in a tax credit this year, depending on your filing status and family size.”
SATURDAY HOURS
In order to assist potentially eligible taxpayers, several IRS offices will be open for SATURDAY hours on Jan. 30, Feb. 6 and Feb. 20 from 9am to 2pm in the following New Jersey locations:
Cherry Hill – 57 Haddonfield Road
Edison – 100 Dey Place
Freehold – 4 Paragon Way
Newark – 20 Washington Place
Paramus – 1 Kalisa Way
Parsippany - 1719-C Rte. 10
Paterson – 200 Federal Plaza
Trenton – 44 South Clinton Avenue
Taxpayers who earned less than $49,000 may visit any IRS Taxpayer Assistance Center to file their federal income tax return for FREE. To find the office nearest you, the locations of IRS offices are posted on the home page of the IRS.gov Web site under “Contact IRS” or check your phone directory.
Griggstown Farm Becomes Certified as an Authorized Vendor for ARAMARK
Griggstown Quail Farm, a family farm that raises all of its poultry on a sixty-five acre farm without the use of hormones, antibiotics, or growth stimulus, has been authorized as an official vendor for raw poultry and meat products to ARAMARK for the region encompassing the farm in Skillman, NJ. The authorization process called for cooperation between Griggstown management and ARAMARK supply chain representatives and involved a detailed review of health and safety documents as well as onsite observation of operations.
Sustainability Manager, Laura Stein, of ARAMARK says, “This relationship with Griggstown farm is exciting in that authorization typically reserved for ARAMARK’s larger suppliers is now being expanded to include suppliers local to our dining locations. The fact that we are now able to source some of our poultry from just around the corner is remarkable and it shows how ahead-of-the-curve ARAMARK and their clients are in regards to sustainability.”
While ARAMARK regularly serves meat and produce from regional sources, authorizing a local farm directly helps to develop a relationship with a local operator and ensures that more of the profit from the sale goes to the farmer. Griggstown was selected for authorization when an ARAMARK-managed corporate dining facility in Princeton set goals to increase the amount of locally sourced food it serves.
Head Chef at Griggstown, Matthew Sytsema commented, “The certification process went smoothly and the efforts that ARAMARK and Bloomberg are making –purchasing locally grown produce, and making long-term contracts with us— are exciting because they are truly helping a small farm grow”.
Griggstown Quail Farm raises 35,000 pheasants, 70,000 quail, 150,000 chickens and when in season, Mallard and Muscovy ducks, turkeys, and partridge. The farm houses a USDA processing plant and recently launched a Community Supported Agricultural Program.
Job Seekers Meets on Tuesdays
JobSeekers is an instruction, networking and support group that meets every Tuesday evening from 7:30 to 9:30 pm in the George Thomas Room of the Trinity Episcopal Church Parish Hall at 33 Mercer Street, Princeton, NJ 08540. It is open to everyone and and is free and non-denominational. The format alternates between workshops led by experts and open discussion of topics raised by participants. The group is run by volunteers. Please try to arrive by 7:30. For more information see http://www.trinityprinceton.org/jobseekers.cfm
and http://finance.groups.yahoo.com/group/NJJOBSEEKERS
Nassau Racquet & Tennis Club wins Family Business of the Year Finalist Award
Benton Camper, Jr., president of the Nassau Racquet & Tennis Club, announced that the club has been selected as First Runner-up for the 2009 Family Business of the Year Award honoring the most outstanding family-owned businesses in New Jersey.
In making the announcement, Camper said, “I submitted our application as a tribute to my mother and late father, whose love of tennis sustained them from the club’s founding to its successful growth today. Their commitment to sportsmanship in the game, family values, and professional performance has provided the foundation for the numerous programs we have today for all ages and skill levels.” Camper, his mother, and his family are actively involved in the club’s daily operations.
The Award Committee evaluated the club’s service to customers from Hunterdon, Mercer, Middlesex, and Somerset counties, and its commitment to its local community of Montgomery Township. Its scope of social, educational, and recreational opportunities brings many area families through its doors, and it is viewed by most as a community amenity, according to Camper. The club has developed programs to meet the needs of almost every age, experience level, health, and schedule. A business model based on low family pricing and a-la-carte pricing has attracted a wide following of engaged members.
From participants as young as 3, the Nassau Racquet & Tennis Club offers instructional programs and playing leagues for every subsequent age through adulthood to senior years. It is now developing a program of High Performance Training for national and international players. The club has also made a concentrated and successful effort to attract and retain highly-qualified and experienced instructors and staff through significant employee benefits programs.
In making the award, the Award Committee also recognized the significant contributions
the club has made to its surrounding communities. From Special Olympics, National Junior League Tennis, Boy Scouts, and Wheel Chair Tennis to SERV Foundation, Special Needs donations, community service, and fund-raising events, the club’s owners and staff are committed to being a vital part of the communities they serve.
Camper further stated, “This recognition and the success of our club reflects my parents’ vision and hard work and the contributions and skills of our staff. We genuinely believe in our obligation to provide our customers a positive atmosphere and healthy activities for them and their families to enjoy.”
IRS Offers Five Tax Season Tips for New Jerseyans
While the tax filing deadline is about three months away, it always seems to be here before you know it. Here are the Internal Revenue Service's top 5 tips that will help your tax filing process run smoother than ever this year.Gather your records...now!
It's never too early to start getting together any documents or forms you'll need when filing your taxes: receipts, canceled checks, and other documents that support an item of income or a tax deduction or tax credit you're taking on your tax return. Also, be on the lookout for W-2s and 1099s, coming soon from your employer and financial institutions. Check out IRS Publication 552, Recordkeeping for Individuals, as it contains information on what records you will need in preparing your return.
Visit IRS.gov often.
The official IRS Web site is a great place to find everything you'll need to file your tax return: tax forms, tax tips, electronic filing information and updates on the latest tax law changes.
The IRS encourages taxpayers to check out the Tax Benefits of the American Recovery and Reinvestment Act of 2009 section on IRS.gov. Get information about the numerous tax breaks made available in this Act. Energy, education, homebuyer credits and the new vehicle sales tax deduction may help to save you money.
You can access and get tax forms and publications from the IRS.gov Web site. You can view and download tax forms and publications from the convenience of your computer at any hour of the day or night.
Remember that for the genuine IRS Web site be sure to use .gov. Don't be confused by internet sites that end in .com, .net, .org or other designations instead of .gov. The address of the official IRS governmental Web site is www.irs.gov.
Do a little research.
Check out IRS Publication 17, Your Federal Income Tax Guide. It's a comprehensive collection of information for taxpayers highlighting everything you'll need to know when filing your return.
"IRS Publication 17, Your Federal Income Tax Guide, is your 'tax encyclopedia' for all your tax planning and tax return filing needs, said New Jersey's IRS spokesperson Gregg Semanick. "Publication 17 summarizes the tax changes for 2009 to ensure you do not miss out on entitled tax credits, deductions and benefits."
IRS publication 17 features details on taking advantage of new tax-saving opportunities, such as the making work pay credit for most workers, American Opportunity credit for parents and college students, energy credits for homeowners going green, first-time homebuyer credit, sales tax deduction for new car buyers, and the expanded child tax credit and earned income tax credit for low- and moderate-income workers.
IRS Publication 17 is available online at IRS.gov or can be requested by calling 1-800-TAX-FORM (1-800-829-3676).
Think ahead to how you'll file.
Will you prepare your return yourself or go to a preparer? Do you plan to file your tax return electronically with the IRS E-file Program? Do you qualify to file at no cost using the Free File Program on IRS.gov? There are many things to consider. So, give yourself time to weigh them all and find the option that best suits your needs.
Choose a tax preparer wisely. In New Jersey, about two-thirds of all filers use a paid tax professional. Choose a tax preparer wisely and in the same way you would choose a doctor or lawyer.
Even though you will be paying someone to do your tax return you are responsible for what's on your return. It's important to find a qualified tax professional.
The most reputable preparers will request to see your records and receipts and will ask you multiple questions to determine your total income and your qualifications for expenses, deductions, and other items. By doing so, they have your best interest in mind and are trying to help you avoid penalties, interest, or additional taxes that could result from later IRS contacts.
Some tips in choosing a preparer include:
Find out what the service fees are before the return is prepared. Avoid preparers who base their fee on a percentage of the amount of your refund or who claim they can obtain larger refunds than other preparers.
1 Only use a tax professional that signs your tax return and provides you with a copy for your records.
2 Choose a tax preparer that will be around to answer questions after the return has been filed.
3 Do you know anyone who has used the tax professional? Were they satisfied with the service they received?
4 Before you sign your tax return, review it and ask questions.
Consider electronic filing. Electronic filing is fast, easy, accurate and secure. When you file electronically, the computer will handle the math calculations for you, and you will get your refund in about half the time it takes when you file a paper return.
"More and more New Jerseyans continue to hit the 'send button' on their computers when it comes to filing their federal tax returns," said New Jersey's IRS spokesperson Gregg Semanick. "Taxpayers and tax professionals alike are discovering and taking advantage of the benefits of e-filing."
New Jerseyans e-filed a record 2.78 million federal income tax returns during 2009 for tax year 2008, up nearly 8 percent from previous year's total of 2.58 million e-filers. About two out of three New Jersey taxpayers, 65 percent, e-filed last year; out of the 4.2 million returns filed.
Taxpayers can file for free and online at IRS.gov. The Free file program can be used by taxpayers with an Adjusted Gross Income (AGI) of $57,000 or less; about 65% of New Jerseyans qualify for the Free File program. Even if you do not qualify for the Free File program taxpayers can still e-file through the IRS.gov Web site at nominal or low cost.
The benefits of the IRS E-file and Free File programs include:
- Faster refunds: Direct Deposit into a bank account can speed refunds to e-filers in as little as ten days.
- More accurate returns: IRS computers quickly and automatically check for errors or other missing information, making e-filed returns more accurate and reducing the chance of getting an error letter from the IRS. It eliminates most common errors, such as math errors. The error rate with paper returns is about 20 percent compared to about 1 percent with e-filed returns. An error on a tax return can delay the issuance of a tax refund.
- Quick receipt acknowledgement: Computer e-filers receive an acknowledgment that the IRS has received their returns.
- Safe & Secure: Since 1986 over 790 million individual tax returns have been e-filed nationwide without a breach of security or integrity of these e-filed returns. Tax return information is protected through encryption
"Whether you are a novice or experienced in taxes, the IRS encourages all taxpayers to check out IRS e-file and Free File at the IRS.gov Web site. The IRS also encourages taxpayers and tax professionals alike to get on line with the e-file program," said Semanick.
Relax.
There's no need to panic. If you run into a problem, remember the IRS is here to help. Try the IRS.gov Web site or call our customer service number at 1- 800-TAX-1040 (1-800-829-1040).
Spring Events at TUSCAN HILLS, Kingston, NJ
Thursday March 4th; time: 5 - 7 PM
"A METER OF FACT" presented by BARBARA SANSONE of Window Dressings by Barbara. An interactive session during which Barbara will help clients learn how to transform a room using our exquisite handmade Italian fabrics.
>>> March 18-21st
9th ANNUAL ARCHITECTURAL DIGEST HOME DESIGN SHOW Tuscan Hills will occupy three spaces at this year's show, each with a different yet uniquely Italian theme. The Architectural Digest Home Design Show attracts nearly 25,000 home design enthusiasts, including affluent homeowners, trade professionals, showroom owners, retailers and media.
>>> Thursday March 25th; time: 3 - 6 PM
TRUNK SHOW: MURANO DI SUSANNA - Italian jewelry of fully handmade Murano glass beads made by skilled artisans.
>>> Saturday April 10th
OLIVE OIL TASTING ~ ART SHOW Launch of Tuscan Hills new **private
label** unfiltered cold-pressed
olive oil from Tuscany paired with authentic, traditional, artisan Italian cuisine from Luca's Ristorante in North Brunswick.
paired with
>>> ART OPENING featuring select paintings by artists from in and around
the Castellina region of Chianti.
>>> Premiering April 25, 2010 in Skillman, NJ
JUNIOR LEAGUE OF PRINCETON'S DESIGNER SHOWHOUSE XVI will once again feature a room designed by Tuscan Hills. This year it will be a sitting room fully outfitted with contemporary hand crafted fabrics and furniture from Italy.
>>> Saturday, May 15th; time 11 - 4
PERSONALIZED SHOPPING WITH ABBIAMO TUTTO Tuscan Hills has partnered with Donna Marie Territo of Abbiamo tutto to offer personalized ceramics from Italy. Meet Donna and learn about this small family run ceramics business in Italy. Each piece is made to order with initials painted and fired together.
Please contact us with any questions or if you would like further information for your calendars. Thank you very much.
Tuscan Hills
4438 Route 27
Kingston, NJ 08528
www.tuscanhills.com
IRS Has $43 Million for New Jerseyans Who Have Not Filed a 2006 Tax Return
Videos: Haven't Filed a Tax Return in Years?
MOUNTAINSIDE NJ- Unclaimed refunds totaling approximately $43 million are awaiting about 39,900 New Jerseyans who did not file a federal income tax return for 2006. To collect the money, a return for 2006 must be filed with the IRS no later than April 15, 2010.
“In New Jersey, the IRS estimates that half of those who could claim refunds for tax year 2006 would receive more than $666,” said New Jersey’s IRS spokesperson Gregg Semanick.
Nationwide, unclaimed refunds totaling approximately $1.3 billion are awaiting nearly 1.4 million people who did not file a federal income tax return for 2006. The IRS estimates that half of those who could claim refunds for tax year 2006 would receive more than $604.
Some people may not have filed because they had too little income to require filing a tax return even though they had taxes withheld from their wages or made quarterly estimated payments. In cases where a return was not filed, the law provides most taxpayers with a three-year window of opportunity for claiming a refund. If no return is filed to claim the refund within three years, the money becomes property of the U.S. Treasury.
For 2006 returns, the window closes on April 15, 2010. The law requires that the return be properly addressed, mailed and postmarked by that date. There is no penalty for filing a late return qualifying for a refund. Though back-year tax returns cannot be filed electronically, taxpayers can still speed up their refunds by choosing to have them deposited directly into a checking or savings account.
The IRS reminds taxpayers seeking a 2006 check that their refunds will be held if they have not filed tax returns for 2007 or 2008. In addition, the refund will be applied to any amounts still owed to the IRS and may be used to satisfy unpaid child support or past due federal debts such as student loans.
By failing to file a return, people stand to lose more than refunds of taxes withheld or paid during 2006. For example, most telephone customers, including most cell-phone users, qualify for the one-time telephone excise tax refund. Available only on the 2006 return, this special payment applies to long-distance excise taxes paid on phone service billed from March 2003 through July 2006. The government offers a standard refund amount of $30 to $60, or taxpayers can base their refund request on the actual amount of tax paid. For details, see the Telephone Excise Tax Refund page on IRS.gov.
In addition, many low-and-moderate income workers may not have claimed the Earned Income Tax Credit (EITC). The EITC helps individuals and families whose incomes are below certain thresholds, which in 2006 were $38,348 for those with two or more children, $34,001 for people with one child and $14,120 for those with no children. For more information, visit the EITC Home Page.
Current and prior year tax forms and instructions are available on the Forms and Publications page of IRS.gov or by calling toll-free 1-800-TAX-FORM (1-800-829-3676). Taxpayers who are missing Forms W-2, 1098, 1099 or 5498 for 2006, 2007 or 2008 should request copies from their employer, bank or other payer. If these efforts are unsuccessful, taxpayers can get a free transcript showing information from these year-end documents by calling 1-800-829-1040, or by filing Form 4506-T, Request for Transcript of Tax Return, with the IRS.
CHAMBER READIES TO CELEBRATE ANNUAL AWARD WINNERS
With Spring comes new life and renewed optimism of the present and future. We leave behind the gloom and doom of economic struggles and focus on all the positives on the horizon. Leading the way are a select group of individuals and companies who have risen above the challenges and have lead the way through the storm. To that end, The Mercer Regional Chamber of Commerce is pleased to announce the winners of the 2009 Annual Hall of Fame Awards Dinner for Citizen of the Year, Distinguished Corporation of the Year, Outstanding Small Business of the Year, Community Impact Award and for the first time in MRCC history the Lifetime Contribution Award.
We're particularly excited about this year's recipients, who we feel truly represent the “best in class” of Mercer County's dynamic business community" said Sherise D. Ritter, Chairman of the Board. The honorees are:”
Michele N. Siekerka, Esq.: President and CEO of the Mercer Regional Chamber of Commerce: Citizen of the Year
Capital Health: Distinguished Corporation of the Year
Mrs. G TV and Appliances: Outstanding Small Business of the Year
Trenton Area Soup Kitchen (T.A.S.K): Community Impact Award
Edward F. Meara III: Lifetime Contribution Award
Each year, the Mercer Regional Chamber of Commerce nomination committee selects the person and companies it believes best embody the practice of “corporate social responsibility”; the concept of combining social values into how everyday business is conducted. This year is no exception. The honorees have given of themselves and their companies time and time again.
“Not only is our business climate a better place because of these honorees, but the communities in which we also live and work benefit tremendously from the programs and initiatives that they support. These are truly remarkable individuals and organizations” stated Chamber Vice President, Liz Tindall.”
The awards will be presented at the Chamber’s Annual Hall of Fame Awards Dinner on
April 21, 2010 at the Hyatt in Princeton. Cocktails at 5 p.m., Dinner at 7 p.m. For tickets and to purchase ads, visit the Chamber website at www.mercerchamber.org or call Jude Martin-Cianfano at (609) 689-9960 ext. 14 .
First-Time Homebuyer Credit Extended to April 30, 2010
Some Current Homeowners Now Also Qualify
IR-2009-108, Nov. 24, 2009
WASHINGTON — A new law that went into effect Nov. 6 extends the first-time homebuyer credit five months and expands the eligibility requirements for purchasers.
The Worker, Homeownership, and Business Assistance Act of 2009 extends the deadline for qualifying home purchases from Nov. 30, 2009, to April 30, 2010. Additionally, if a buyer enters into a binding contract by April 30, 2010, the buyer has until June 30, 2010, to settle on the purchase.
The maximum credit amount remains at $8,000 for a first-time homebuyer –– that is, a buyer who has not owned a primary residence during the three years up to the date of purchase.
But the new law also provides a “long-time resident” credit of up to $6,500 to others who do not qualify as “first-time homebuyers.” To qualify this way, a buyer must have owned and used the same home as a principal or primary residence for at least five consecutive years of the eight-year period ending on the date of purchase of a new home as a primary residence.
For all qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 tax returns.
A new version of Form 5405, First-Time Homebuyer Credit, will be available in the next few weeks. A taxpayer who purchases a home after Nov. 6 must use this new version of the form to claim the credit. Likewise, taxpayers claiming the credit on their 2009 returns, no matter when the house was purchased, must also use the new version of Form 5405. Taxpayers who claim the credit on their 2009 tax return will not be able to file electronically but instead will need to file a paper return.
A taxpayer who purchased a home on or before Nov. 6 and chooses to claim the credit on an original or amended 2008 return may continue to use the current version of Form 5405.
Income Limits Rise
The new law raises the income limits for people who purchase homes after Nov. 6. The full credit will be available to taxpayers with modified adjusted gross incomes (MAGI) up to $125,000, or $225,000 for joint filers. Those with MAGI between $125,000 and $145,000, or $225,000 and $245,000 for joint filers, are eligible for a reduced credit. Those with higher incomes do not qualify.
For homes purchased prior to Nov. 7, 2009, existing AGI limits remain in place. The full credit is available to taxpayers with MAGI up to $75,000, or $150,000 for joint filers. Those with MAGI between $75,000 and $95,000, or $150,000 and $170,000 for joint filers, are eligible for a reduced credit. Those with higher incomes do not qualify.
New Requirements
Several new restrictions on purchases that occur after Nov. 6 go into effect with the new law:
Dependents are not eligible to claim the credit.
No credit is available if the purchase price of a home is more than $800,000.
A purchaser must be at least 18 years of age on the date of purchase.
For Members of the Military
Members of the Armed Forces and certain federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and still qualify for the credit. An eligible taxpayer must buy or enter into a binding contract to buy a home by April 30, 2011, and settle on the purchase by June 30, 2011. This special rule also applies to certain other federal employees.
For more details on the credit, visit the First-Time Homebuyer Credit page on IRS.gov.
Recovery tax provision on new vehicle purchases.
The "Cash for Clunkers" program for new cars may have ended, but the IRS wants to remind taxpayers that many people might overlook another special break available. If you buy a new vehicle this year, there's a special federal tax deduction available that can help you save money, in some cases hundreds of dollars. This tax break will allow New Jerseyans who buy a new vehicle in 2009 to deduct the sales and excise taxes they pay when they file their tax return next year. The tax deduction is available on the 2009 federal tax return even for those who claim the standard deduction.
The deduction is part of the American Recovery and Reinvestment Act of 2009 and applies to taxes paid on up to $49,500 of the purchase price for qualified new cars, light trucks, motorcycles or motor homes. Generally, vehicles weighing 8,500 pounds or less qualify. This means that most new cars and many new trucks will qualify. New motor homes qualify regardless of weight.
Buyers are entitled to a partial deduction if they earn between $125,000 and $135,000 ($250,000 and $260,000 for joint filers). The deduction is eliminated for those who earn over these amounts.
To qualify the vehicle must be new and purchased in 2009 after Feb. 16 and no later than Dec. 31. There is still time left but the clock is ticking.
More information is available at IRS.gov/Recovery.
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