I used to view tax season like most people—with a mixture of dread and resignation. Each April, I’d scramble to find receipts, download statements, and pray that I hadn’t missed some magical deduction that would save me thousands. My focus was singular: pay less tax this year. Full stop. Then a conversation with a friend’s financial advisor shifted my entire perspective. “You’re playing checkers when you should be playing chess,” he remarked, watching me sort…
Possessing a home in the state of New Jersey comes with a broad spectrum of monetary obligations but also offers many opportunities for cost savings. As a resident in the state, you need to be aware of the different deductions that you qualify to get. The reasoning behind this is that they can help lower your assessable income and decrease your burden. From mortgage interest and medical expenses to energy-efficient enhancements, understanding ways to maximize…