Bill > A5774

This bill expands the child tax credit eligibility to resident taxpayers with children ages 6 to 11. The credit amount ranges from $200 to $1,000 based on the taxpayer's New Jersey taxable income, which must be $80,000 or less. The credit can be claimed using either a Social Security number or an Individual Taxpayer Identification Number, and any excess credit amount will be treated as a refundable overpayment. The bill also requires the Division of Taxation to report data on the number of taxpayers claiming the credit, their income, the number of children benefiting, and the average credit amount per child and per claimant.

Education

https://www.njleg.state.nj.us/bill-search/2022/A5774