New Jersey Tax Division Issues Updated Information on Income Tax Rates, Deductions

The New Jersey Division of Taxation Nov. 28 issued updated individual income tax information for taxpayers in the form of answers to frequently asked questions. The information includes: 1) replacement checks for income tax refunds may take up to 60 days to be issued, due to volume; 2) although taxpayers may claim a federal deduction for health insurance paid for their non-dependent children, they can deduct the amounts for New Jersey purposes only if the child is their dependent; and 3) the New Jersey income tax rates haven’t changed for the 2023 tax year. [N.J. Div. of Tax’n, Answers to ...