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NJ Division of Taxation CBT Rates & Accounting Periods  Form

NJ Division of Taxation CBT Rates & Accounting Periods Form

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hello my name is Bill Malkin from the New Jersey Division of Taxation and today's segment covers information on New Jersey's Earned Income Tax Credit so what is the New Jersey Earned Income Tax Credit well the njeitc is a tax credit for people who earn low to moderate income the credit reduces the amount of New Jersey tax owed on earned income and may result in a refund now let's talk about the eligibility requirements for eitc purposes New Jersey follows the federal guidelines however in recent years we expanded the age eligibility for New Jersey's program this enables more residents to qualify for the state benefit for tax year 2022 individuals not claiming a qualifying child must be 18 years of age by December 31st and there is no maximum age restriction however there is no age requirement at all for people claiming one or more qualifying children now that you know about the changes to our age eligibility let's discuss the five general require

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