New Jersey simplified child tax credit applications
By: Katie Sobko
NorthJersey.com
USA Today Network - New Jersey
..... New Jersey's child tax credit is expanding and now the application process has been streamlined.
.....
Qualifying New Jersey families can use SimpleFile, a free mobile-friendly website to apply for the credit. More information is available at SimpleFile.NJ.gov .
..... The site was cerated by the New Jersey Innovation Authority, the state Treasury Department's Division of Taxation, and Code for America so that more eligible families can claim the credit. Information is available in English and Spanish.
..... "Navigating tax season can be overwhelming for many families, SimpleFile provides a clear, convenient way to apply for the Child Tax Credit, particularly for low-income Treasurer Aaron Binder said in a statement. "Our goal is for every eligible family to apply for and receive this vital benefit."
..... The updated credit will be in effect for taxable years 2026, 2027 and 2028.
.....
The law provides a credit for taxpayers with incomes of $80,000 or less for each child under the age of 6. The amount of the certitude depends on income.
..... The
new legislation put the credits at the following amounts:
* $30,00 or under - $1,250, up form $1,000.
* Over $30,000 but not over $40,000 - $1,000, up from $800.
* Over $40,000 but not over 450,000 - $750, up from $600.
* Over $50,000 but not over $690,000 - #$500, up from 4400.
* Over $600,00 but not over $80,000 - $250, up form 4200.
..... More than 200,000 families already receive the credit each year.
..... State officials hope the new site will help them reach the thousands more who qualify but have not filed.
..... Katie Sobko covers the New Jersey Statehouse. Email: sobko@northjersey.com