Cathy Marshall
I’m 74 with no kids. Could a reverse mortgage be right for me?
Q. I am a 74-year-old retired widow with no children. I own a modest home worth approximately $120,000. Can I get some basic information...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
I’m leaving New Jersey. When am I considered a non-resident for tax purposes?
Q. I live full-time in New Jersey and I also own a Virginia townhouse in a retirement community. I rent out the townhouse by the year. I...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
How can I get a faster refund of the exit tax?
Q. My wife and I bought a condo in Jersey City in 2007. We moved from New Jersey in 2011 and don't file in the state, but we maintained...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
Can I use my IRA to buy a vacation home in a foreign country?
Q. I am interested in buying a vacation home abroad. Can the property be considered part of a retirement portfolio such as buying it with...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
Will I owe the ‘exit tax’ if I change my residency to Florida?
Q. I’m a married New Jersey resident who has owned a house for 40 years but five years ago bought a home in Florida. We’re thinking of...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
Why aren’t there more N.J. tax breaks for veterans?
Q. My husband is a Vietnam War veteran. Of course he gets the tiny $250 tax reduction since 1980. How can it be only $250 after 49 years?...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
My vacation home is now my primary home. What taxes are due when I sell?
Q. Say a couple has owned a vacation home for 20 years. They rented it out for a few years and used it for family only for the following...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
Can I qualify for the Homestead Rebate if a trust owns my condo?
Q. I live in a condo that my kids paid for and put in a trust. I’m a senior and I live on $881 per month. I pay all the taxes, sewer...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
Can I deduct out-of-state property taxes on my N.J. return?
Q. Can I deduct out-of-state property taxes on a summer-only cottage my New Jersey tax return? TurboTax shows yes, but I’ve seen...
By Karin Price Mueller NJMoneyHelp.com for NJ.com
Are active duty military personnel exempt from the exit tax?
Q. Are active duty military personnel exempt from the 2 percent exit tax when they sell/transfer their former home in New Jersey? —...
