S.1389

Expands eligibility for New Jersey gross income tax credit for child and dependent care expenses and increases credit amount.

This bill expands eligibility for the New Jersey gross income tax credit for child and dependent care expenses and increases the amount of the credit. It raises the income eligibility limit to $250,000 for married couples filing jointly or filing as a head of household or as a surviving spouse for federal income tax purposes. The bill also expands eligibility to married individuals filing separately who meet the income eligibility criteria for single filers and would have been eligible for the federal credit except for the joint filing requirement.