Earlier this week, New Jersey Governor Phil Murphy (D) signed legislation to expand New Jersey’s EITC from 39 to 40 percent of the federal credit and lower the age of eligibility from 25 to 21. Learn more about the legislation here.
According to the Governor’s office, this expansion will benefit an additional 60,000 workers across the state. New Jersey is the third state in 2020 to expand their credit beyond the limits of the federal EITC to make it more accessible to all workers. During the summer, California and Colorado expanded their credits to filers using Individual Taxpayer Identification Numbers (ITINs).