New Jersey S1928 allows a tax deduction for state fuel taxes paid on personal motor fuel purchases.
New Jersey S1928 provides a deduction from gross income tax for New Jersey fuel taxes paid on personal motor fuel purchases. The deduction is available to all taxpayers regardless of income level or filing status. It is capped at $1,000 for the 2021 tax year and $2,000 for subsequent years. The deduction is not available if the fuel taxes are reimbursed by an employer or if they are already deducted under other tax provisions. This act applies to purchases made on and after January 1, 2021.
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