New Jersey A688 allows a $1,000 deduction from gross income for E-ZPass tolls paid on state roads.
New Jersey A688 provides a deduction from gross income for certain tolls paid via the E-ZPass system. Individuals with an E-ZPass account can deduct up to $1,000 per taxable year for tolls paid on state toll roads or interstate bridges and tunnels connecting New Jersey with other states. The deduction is available for tolls exceeding $1,000 in a taxable year. Excluded from the deduction are fines, penalties, administrative fees, and amounts reimbursed by an employer. The bill aims to offset commuting expenses for individuals, recognizing the increased burden of road maintenance costs.
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