New Jersey State Tax Credits

More ways to save your hard-earned money from the tax man!

New Jersey has some great State Tax Credits for you....

Thank you so much for checking our resource out here for your state and congratulations for taking a proactive step to paying less in taxes. For your state, we have identified the tax credits that are currently being offered to help you pay less in state taxes.

We hope this resource is helpful to you, and if there is something you feel we have missed, please let us know!

It would be completely arrogant of us to think that we know all things and if we missed something we want to know so we can vet that and help you and our other friends in the entrepreneurial community pay less in taxes! And if you found this helpful, you should check out our DIY resources inside of our Tax Savings Communities (found at www.MakeTaxesFair.com/Our-Communities).

We're also ready to help you if you want to skip the line of the DIY process and get help directly from us. To learn more about how we help our clients check out www.MakeTaxesFair.com/Get-My-Roadmap

 
New Jersey

New Jersey Angel Investor Tax Credit Program (Updated by S-3189)

Overview:
The updated Angel Investor Tax Credit Program provides generous tax incentives to individuals and corporations that invest in emerging technology startups based in New Jersey. Recent changes increased the credit rate and narrowed business eligibility, enhancing the program’s focus on high-impact startups.

Who It’s For:
Accredited investors—individuals or corporations—seeking to support early-stage New Jersey-based tech businesses while reducing their state tax liabilities.

Four Key Highlights:

  1. Increased Credit Amount
    – Investors can now claim a 35% credit on qualified investments, or 40% if the startup is minority-/women-owned or located in a low-income area.

  2. Tighter Business Eligibility
    – Eligible startups must now have fewer than 149 employees and operate in tech-driven sectors like biotech, IT, medtech, or clean energy.

  3. Non-Refundable but Carryforward Eligible
    – Credits can’t be refunded, but unused portions can be carried forward to future tax years.

  4. Annual Program Cap Remains
    – The program is capped at $35 million per year statewide, so early application is key for approval.

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