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New Jersey Statutes, Title: 54A, NEW JERSEY GROSS INCOME TAX ACT
Chapter 3: Personal exemptions and deductions.
Section: 54A:3-13: Allowable deduction in the amount of student loan principal, interest payments.
4. A taxpayer with gross income of $200,000 or less shall be allowed a deduction, not to exceed $2,500, from the taxpayer's gross income for the taxable year in the amount of principal and interest payments paid on a student loan under the New Jersey College Loans to Assist State Students Loan Program established pursuant to N.J.S.18A:71C-21.
L.2021, c.128, s.4.
This section added to the Rutgers Database: 2021-08-05 15:03:08.
Older versions of 54a:3-13 (if available):
Court decisions that cite this statute:
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