Provides $3,000 tax deduction for taxpayers supporting elderly relatives at home.
Provides a $3,000 deduction from gross income for New Jersey taxpayers who provide more than half the support for a relative aged 70 or older who lives in their home for at least six months of the taxable year. To qualify, individual taxpayers must have a gross income of no more than $35,000, and joint filers must have a gross income of no more than $50,000. This act applies to taxable years beginning after its enactment.
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