New Jersey State Tax Filing

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New Jersey Tax Details

The New Jersey Division of Taxation had a few changes for the 2020 tax year.

The New Jersey Earned Income Tax Credit was updated to allow taxpayers age 21-24 to qualify for a credit of $215 if they don't qualify for the federal Earned Income Credit because of the age requirement.

Taxpayers who donated an organ or bone marrow may qualify for a credit, as well as employers who provided paid time off for an employee to donate an organ or bone marrow. A new credit was also added for taxpayers who had pass-through tax paid on their behalf by a partnership, S Corporation, estate, or trust.

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