New Jersey taxpayers filing a 2020 resident Income Tax return (NJ-1040) with a tax balance of $1 or more may be eligible to receive the Middle Class Tax Rebate. Qualifying taxpayers do not need to apply for the rebate; it is calculated automatically and checks are currently being dispersed.
According to NJ.gov, eligible taxpayers must meet the following requirements:1
- Be a New Jersey resident for all or part of 2020;
- Submit a 2020 NJ-1040;
- Have at least one qualifying child claimed as a dependent on your NJ-1040;
- Have a Balance of Tax of $1 or more;
- Have New Jersey Gross Income of $150,000 or less for individuals with a filing status of Married Filing Joint, Head of Household, or Surviving Spouse ($75,000 or less for individuals with a filing status of Married Filing Separate or Single).
Please click here for more information from the State of New Jersey NJ Treasury Division of Taxation.
We’ll continue to keep you updated with new information. In the meantime, feel free to contact the Cg Team with questions.
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State of New Jersey – NJ Treasury Division of Taxation. (2021, July 7). Middle Class Tax Rebate. NJ.Gov. https://www.state.nj.us/treasury/taxation/individuals/mctr.shtml