New Jersey Bill Would Offer Tax Deductions for E-ZPass Tolls
The bill would allow individuals to deduct up to $1,000 from their gross income on their state income tax returns for tolls paid via the E-ZPass system • Read More
This deduction would apply to tolls paid on any toll road within New Jersey, as well as interstate toll bridges and tunnels connecting the state with neighboring areas.
The bill does specify, however, that certain toll-related expenses would not qualify for the deduction, including fines for toll violations.
They say the bill is designed to help commuters offset the rising costs of transportation, particularly in light of recent increases in the state gasoline tax.
“By providing toll-paying commuters with a way to offset a portion of their costs, this bill recognizes that these individuals are paying more than their fair share of the burden of maintaining safe, modern, and ample roadways in the State,” the bill says.
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