New Jersey bill A4746 offers a gross income tax credit for qualified youth sports expenses for dependents aged 10-18.
New Jersey bill A4746 provides a gross income tax credit to taxpayers for qualified youth sports expenses paid or incurred on behalf of dependents aged 10 to 18. The credit allows up to $2,000 per qualifying individual for expenses including registration fees, uniforms, equipment, travel, training, and tournament fees. To claim the credit, taxpayers must submit documentation such as itemized receipts, canceled checks, and a description of expenses.
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