New Jersey A3556 allows employees to deduct from their gross income amounts paid by employers for educational assistance and student loan payments.

New Jersey A3556 allows a gross income tax deduction for employees for amounts paid by employers for certain educational assistance programs and for employee's student loans. This deduction can cover up to $5,250 per taxable year and is in addition to other exemptions and deductions allowed under New Jersey's gross income tax. The educational assistance must be provided under a written plan offered by the employer and can include tuition, fees, textbooks, and equipment.

New Jersey A3556 allows employees to deduct from their gross income amounts paid by employers for educational assistance and student loan payments.

New Jersey A3556 allows a gross income tax deduction for employees for amounts paid by employers for certain educational assistance programs and for employee's student loans. This deduction can cover up to $5,250 per taxable year and is in addition to other exemptions and deductions allowed under New Jersey's gross income tax. The educational assistance must be provided under a written plan offered by the employer and can include tuition, fees, textbooks, and equipment.