Posted Sunday, January 27th, 2019
The EITC is a federal and state tax benefit for individuals and families who earn low-to moderate incomes in New Jersey. It is a tax credit that may reduce the amount of taxes you owe, or provide you with a refund, even if you don’t owe any taxes.
For example, a family with three or more children who earned wages or self-employment income up to $54,884 in 2018, may qualify. Depending on income and family size, you could receive a federal credit in the range of $519 to $6,431, and a state credit of $192 to $2,380.
To get the NJ state EITC, you must file a federal tax form, be eligible for the federal EITC and file a state income tax return (if you are married but file separately, you may not claim the NJ EITC).