The state of New Jersey has made the following tax law changes for tax year 2023:
The filing deadline is Monday, April 15, 2024, aligning with the deadline for the federal Form 1040.
New Jersey Child Tax Credit - NJ residents that report taxable income of $80,000 or less are eligible for a credit up to $1,000 for each dependent age 5 or younger. You cannot claim the credit if filing Married Filing Separately.
Credit for Taxes Paid to Philadelphia or Other Jurisdiction - The Philadelphia nonresident wage tax rate is 3.44% (.0344) for the entire 2023 tax year.
You can read more about these tax law changes here.