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 Levine, Jacobs & Company, LLC, Senior Member Offers Insight on 401K Income And New Jersey Tax- Levine, Jacobs & Company, LLC, Senior Member Offers Insight on 401K Income And New Jersey Tax
- March 04, 2022
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Michael Karu, CPA/CFF quoted on news portal.
Michael H. Karu, CPA/CFF, Senior Member, Levine, Jacobs & Company, LLC., was quoted on nj.com where he discussed 401K income and pension exclusion rules as it applies to New Jersey taxes.
According to Karu, “Yes, one’s 401(k) distributions are eligible for the pension exclusion if you otherwise qualify.”
Karu continued, “A single person making $100,000 or less can exclude $75,000 from New Jersey tax, while a married couple can exclude $100,000. The exclusion is phased out for people who ...
- View more at: https://www.1888pressrelease.com/levine-jacobs-company-llc-senior-member-offers-insight-pr-704401.html
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