NJEITC is a cash-back tax credit that puts money back into the pockets of working families and individuals, including the self-employed, who earn low- to moderate-income.
Under a law signed last year by the Governor, the credit is increasing in three phases. For Tax Year 2019, New Jersey is giving 39% of the federal EITC to those who claim it on their tax return. This means you could get up to $6,557 from the federal EITC program and an additional $2,557 from New Jersey too! Next year, under the third step, it will increase to 40% of the federal EITC amount and remain at that level moving forward.
Almost 25% of eligible New Jerseyans never apply for NJEITC.
Don't shortchange yourself. You worked for it, now get it.