By Matt Rooney
The Big Beautiful Bill debate feels like ancient history, Save Jerseyans, but President Trump’s signature domestic legislation is about to pay off – bigly – for the vast majority of New Jersey taxpayers.
Taxpayers across the Garden State will notice the changes soon since the IRS began accepting electronic returns on Monday, January 26th.
Here are just a few of the headline developments:
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- Some New Jerseyans have seen a $9,000 real wage increase
- Others will see as much as $12,700 in take-home pay increases
- An estimated 793,520 small business owners will see their 20% deduction made permanent
- Senior will receive a $6,000 bonus deduction
- 1,121,080 families will receive a $2,200 child tax credit increase
- 3,950,130 families will receive a $1,500 increase in their standard deduction
- Tax on tips? Overtime? Gone for millions of workers who rely on tips and hourly wages
You can click here for a more comprehensive overview of positive tax changes.
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MATT ROONEY is SaveJersey.com’s founder and editor-in-chief, a practicing New Jersey attorney, and the host of ‘The Matt Rooney Show’ on 1210 WPHT every Saturday evening from 7-9 PM EST.
