What can be considered expenses definitely related to income on Form 1116 Foreign Income Credit?

These are deductions that definitely relate to the gross income from foreign sources reported amount. For example, if you are an employee reporting foreign earned income, these are expenses such as those incurred to move to a new principal place of work outside the United States or supplies you bought for your job outside the United States. Do not include any interest expense as expensed [...]

New Jersey UI/HC/WD; DI Credit

UI/WF/SWF, DI, and FLI Credits If you had two or more employers and you contributed more than the maximum amount of unemployment insurance (UI)/ workforce development partnership fund (WF)/supplemental workforce fund (SWF) contributions, disability insurance (DI) contributions, and/or family leave insurance (FLI) contributions, you may be able to take credit for the excess withheld. The maximum [...]

Can I Deduct My New Jersey Medical Expenses?

Medical Expenses You can deduct certain unreimbursed medical expenses you paid during the year for yourself, your spouse or domestic partner, and any dependents you claim. You can only deduct expenses that are more than 2% of your gross income. In general, medical expenses allowed for federal tax purposes are allowed for New Jersey tax purposes. These can include: •• Physicians, [...]

New Jersey Use Tax

Use Tax Due on Internet, MailOrder, or Other Out-of-State Purchases When you buy taxable items or services to use in New Jersey, you owe Use Tax if: • You do not pay Sales Tax; or • You pay tax at a rate less than New Jersey’s 6.625% rate. This commonly happens when you make purchases online, by phone or mail order, or outside the State. Use Worksheet K on page 35 to [...]

New Jersey Qualified Conservation Contributions

Qualified Conservation Contribution Enter any qualified contribution you made of real property (land) in New Jersey for conservation purposes (e.g., protection of natural habitat, farmland, forest, or open space). The deduction is the amount of the contribution allowed as a deduction in calculating your taxable income for federal purposes. If you file federal Form 8283, enclose a copy with your [...]