1. Child and Dependent Care Credit
New Jersey Slides
Tax Year 2018

2. 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

3. 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