Child and Dependent Care Credit New Jersey Slides Tax Year 2018

NJ Child and Dependent Care Credit Pub 4012 Tab G New for 2018 Eligible resident taxpayers with taxable income $60,000 or less who receive the federal child and dependent care credit will be grant a NJ Gross Income Tax Credit The credit is nonrefundable The NJ credit is a percentage of the federal credit NTTC Training - TY2018

NJ Child and Dependent Care Credit NJ Taxable Income Is Amount of Credit Is Not over $20,000 50% of federal credit Over $20,000 but not over $30,000 40% of federal credit Over $30,000 but not over $40,000 30% of federal credit Over $40,000 but not over $50,000 20% of federal credit Over $50,000 but not over $60,000 10% of federal credit NTTC Training - TY2018