Get the up-to-date NJ-2440 Statement in Support of Exclusion for Amounts Received Under Accident and Health Insurance Plan. NJ-2440 Statement in Support of Exclusion for Amounts Received Under Accident and Health Insurance Plan-2024 now

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Payments made to employees for personal injuries or sickness under a health or accident insurance policy by a commercial insurance company.
Lowering Costs for Seniors and the Middle Class Distributing Middle Class Tax Relief: In FY2022, over 760,000 New Jersey families will receive an up to $500 tax rebate due to the millionaires tax enacted by the Governor and the Legislature last fall.
Individuals who collect these benefits will receive a 1099 form directly from the Department of Labor and Workforce Development listing the taxable income and any withholding. Temporary Disability benefits and Unemployment Insurance benefits are not subject to the New Jersey state income tax.
The state income tax rates range from 1.4% to 10.7%, and the sales tax rate is 6.625%. New Jersey state offers tax deductions and credits to reduce your tax liability, including deductions for medical, alimony, and self-employed health insurance expenses.
Who Must File your filing status is:and your gross income from everywhere for the entire year was more than the filing threshold:Single Married/CU partner, filing separate return$10,000Married/CU couple, filing joint return Head of household Qualifying widow(er)/surviving CU partner$20,000 Dec 15, 2022
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Who Must File your filing status is:and your gross income from everywhere for the entire year was more than the filing threshold:Single Married/CU partner, filing separate return$10,000Married/CU couple, filing joint return Head of household Qualifying widow(er)/surviving CU partner$20,000 Dec 15, 2022
Starting with Tax Year 2022, eligible New Jersey residents can claim a refundable Child Tax Credit on their New Jersey Resident Income Tax Return (Form NJ-1040). The credit amount can be up to $500 for each dependent child age 5 or younger that is claimed on Form NJ-1040.
NJ Taxation MCTR checks will continue to be mailed to eligible residents filing a 2020 Income Tax return (NJ-1040) claiming at least one dependent child with a tax balance of $1 or more.

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