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March 31, 2025
Question

New Jersey Higher Education Institution Tuition Costs

  • March 31, 2025
  • 1 reply
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Turbo tax didn't prompt me to add tuition cost when I did NJ taxes. how do I add it?

    1 reply

    March 31, 2025

    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.

     

    In TurboTax :

    1. Open your NJ return
    2. Go to Adjustments.
    3. Continue to the screen New Jersey College Affordability Deductions?
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