S.4099

New Jersey S4099 provides a gross income tax credit for volunteer first responders who incur child care expenses.

New Jersey S4099 offers a gross income tax credit for 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 $5,000. To qualify, a volunteer first responder must have worked at least 150 hours during the taxable year, including any required training hours. Child care expenses include costs for in-home or out-of-home care, licensed child care facilities, after school care, nursery school, preschool, and day camps.