54A:3-13 Allowable deduction in the amount of student loan principal, interest payments.
60 words·~1 min read·
/nj/title-54a/chapter-3/54a-3-13A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.