New Jersey § 54A:3-13 Allowable deduction in the amount of student loan principal, interest payments.

New Jersey Statutes

§ 54A:3-13 — Allowable deduction in the amount of student loan principal, interest payments.

New Jersey § 54A:3-13

Title 54ANEW JERSEY GROSS INCOME TAX ACT

This text of New Jersey § 54A:3-13 (Allowable deduction in the amount of student loan principal, interest payments.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 54A:3-13 (2026).

Text

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.

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