A4949

New Jersey A4949 provides a gross income tax credit for volunteer first responders who incur child care expenses.

New Jersey A4949 offers a gross income tax credit to volunteer first responders who incur child care expenses during a taxable year. The credit is equal to 50 percent of the child care expenses incurred by the taxpayer, up to a maximum of $5,000. To qualify, a volunteer first responder must have worked at least 150 hours during the taxable year, including training hours, in their official capacities. The bill defines "child care expenses" to include costs for in-home or out-of-home care, licensed child care facilities, after school care, and nursery school.