Increases benefit amounts and expands eligibility under New Jersey earned income tax credit program.

The bill increases benefit amounts under the New Jersey Earned Income Tax Credit (NJEITC) program and expands eligibility. It raises the credit amount from 40% to 45% of the federal earned income tax credit over five years. The bill also allows taxpayers with Individual Taxpayer Identification Numbers (ITIN) and those who have been victims of domestic abuse to qualify for the NJEITC. Victims of domestic abuse can claim the credit even if they file as married filing separately.

Increases benefit amounts and expands eligibility under New Jersey earned income tax credit program.

The bill increases benefit amounts under the New Jersey Earned Income Tax Credit (NJEITC) program and expands eligibility. It raises the credit amount from 40% to 45% of the federal earned income tax credit over five years. The bill also allows taxpayers with Individual Taxpayer Identification Numbers (ITIN) and those who have been victims of domestic abuse to qualify for the NJEITC. Victims of domestic abuse can claim the credit even if they file as married filing separately.