New Jersey A868 provides a gross income tax credit for homeschooling expenses up to $2,500 per child or dependent, with an additional $1,000 credit.

New Jersey A868 introduces a gross income tax credit for homeschooling expenses incurred by parents and guardians. The credit is up to $2,500 per child or dependent, with a maximum of $7,500 per taxpayer per year. An additional $1,000 credit is available for each child or dependent with special needs, bringing the total potential credit to $10,500 per taxpayer annually. The credit applies to expenses such as educational textbooks, computer software, rental fees for educational curriculum, and membership fees for libraries and academic institutions.

New Jersey A868 provides a gross income tax credit for homeschooling expenses up to $2,500 per child or dependent, with an additional $1,000 credit.

New Jersey A868 introduces a gross income tax credit for homeschooling expenses incurred by parents and guardians. The credit is up to $2,500 per child or dependent, with a maximum of $7,500 per taxpayer per year. An additional $1,000 credit is available for each child or dependent with special needs, bringing the total potential credit to $10,500 per taxpayer annually. The credit applies to expenses such as educational textbooks, computer software, rental fees for educational curriculum, and membership fees for libraries and academic institutions.