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  2. New NJ laws are going into effect in 2024. Here's what they ...

    www.aol.com/nj-laws-going-effect-2024-091811022.html

    The arrival of the new year will also bring the effect of new laws, signed by Gov. Phil Murphy over the last couple of years, including minimum wage increases, safe haven law expansions, tax cuts ...

  3. NJ tax relief totaling $3.5 billion expected in Phil Murphy's ...

    www.aol.com/nj-tax-relief-totaling-3-153011610.html

    Gov. Phil Murphy is expected to provide more than $3.5 billion in tax relief in the coming fiscal year that starts July 1, supporting his message that he is aiming to make New Jersey more ...

  4. Taxation in New Jersey - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_New_Jersey

    The tax table below will show in detail the New Jersey state income tax rates by income tax bracket(s). There are 6 income tax brackets for New Jersey. Tax brackets for individuals are provided below: For earnings between $1 and $20,000, the tax rate on every dollar of income earned is 1.4%.

  5. NJ corporate tax approved, which could give NJ Transit $800 ...

    www.aol.com/nj-corporate-tax-approved-could...

    NJ Transit is set to receive about $800 million a year for five years from a new corporate tax first proposed by Gov. Phil Murphy in February. NJ corporate tax approved, which could give NJ ...

  6. Should NJ lift the property tax cap to help schools facing ...

    www.aol.com/nj-lift-property-tax-cap-143437650.html

    As state aid cuts loom from changes made six years ago to the way New Jersey funds its schools, cries for help from beleaguered school districts have reached a fever pitch. ... A 2018 law called ...

  7. Tax Cuts and Jobs Act - Wikipedia

    en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act

    The legislation is commonly referred to in media as the Trump tax cuts. Major elements of the changes include reducing tax rates for corporations and individuals, increasing the standard deduction and family tax credits, eliminating personal exemptions and making it less beneficial to itemize deductions, limiting deductions for state and local ...

  8. State and local tax deduction - Wikipedia

    en.wikipedia.org/wiki/State_and_local_tax_deduction

    The Tax Cuts and Jobs Act of 2017 signed into law by President Donald Trump put a $10,000 cap on the SALT deduction for the years 2018–2025. [ 5 ] The Tax Policy Center estimated in 2016 that fully eliminating the SALT deduction would increase federal revenue by nearly $1.3 trillion over 10 years.

  9. As candidate,Trump vowed to lift SALT tax deduction cap. Will ...

    www.aol.com/candidate-trump-vowed-lift-salt...

    The $10,000 cap on the deduction is slated to expire at the end of 2025, along with a slew of other tax cuts and provisions of the 2017 landmark law. New Jersey’s average property tax bill last ...

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