What deductions and credits are available on my New Jersey tax return?

There are various deductions and credits available on your New Jersey tax return to help you reduce your taxable income and lower your overall tax liability. Some common deductions include the standard deduction, which is based on your filing status, and itemized deductions such as mortgage interest, property taxes, and medical expenses. Moreover, New Jersey offers various credits like the Homestead Benefit Credit, which provides property tax relief for eligible homeowners, and the Earned Income Tax Credit for eligible low-income individuals. Additionally, there are credits for child and dependent care expenses, college tuition, senior and disabled citizens, and renewable energy. It is important to review the specific criteria and requirements for each deduction and credit to determine your eligibility and maximize your tax savings.