New Jersey A3640 allows parents and guardians a tax deduction of up to $1,200 for school supply purchases.

New Jersey A3640 permits parents and guardians of students in public, nonpublic, or higher education institutions to deduct up to $1,200 from their gross income for school supply purchases. This deduction applies to a wide range of items including binders, book bags, calculators, and various types of paper. The act takes effect immediately for taxable years starting after January 1 following its enactment.

New Jersey A3640 allows parents and guardians a tax deduction of up to $1,200 for school supply purchases.

New Jersey A3640 permits parents and guardians of students in public, nonpublic, or higher education institutions to deduct up to $1,200 from their gross income for school supply purchases. This deduction applies to a wide range of items including binders, book bags, calculators, and various types of paper. The act takes effect immediately for taxable years starting after January 1 following its enactment.