A briefing to
start 2018
Let’s start off the year with some important updates and information
for Local 600 members:
Tax time
For Local 600 members filing 2017 taxes in New Jersey, be aware of the
increase in the exclusion for NJ state tax on retirement income. If you
are 62 or older, or disabled for social security purposes, you can exclude
JIM
up to $40,000 if filing jointly and $30,000 if filing single. To be eligible,
your gross income must not exceed $100,000.
TOMA
There is an annual increase to these numbers, and if you have some-
STATE
DELEGATE body who prepares your tax return, don’t assume that person knows
every change that has occurred. Remember, it’s your money. Also, re-
member that your gross income does not include social securi