I need help with Institution of Higher Education Tuition, NJ Tuition deduction

If you, your spouse, or your dependent enroll in and attend a New Jersey institution of higher education, you can deduct up to $10,000 for tuition costs paid during the year. Here are some key points:

• For Tax Year 2022 and forward, The New Jersey College Affordability Act allows for three Income Tax deductions for those who file tax returns showing gross income of $200,000 or less. 
  • Deductions include contributions to an NJBEST 529 savings plan, payments made for an NJCLASS student loan, and tuition costs for New Jersey colleges and universities.
• New Jersey Better Educational Savings Trust (NJBEST) You can deduct up to $10,000 of contributions made during the year into an NJBEST account.
• New Jersey College Loans to Assist State Students (NJCLASS) You can deduct up to $2,500 of principal and interest paid on student loans during the year under NJCLASS if your gross income is $200,000 or less.
• New Jersey Higher Education Institution Tuition Costs - If you, your spouse, or your dependent enroll in and attend a New Jersey institution of higher education, you can deduct up to $10,000 for tuition costs.

For more detailed information, you can refer to:

• NJ Division of Taxation - New Jersey College Affordability Act
• Intuit's Community  calculating NJ Tuition Deduction

Reach back out if you meant something else.