Make the most of your money.
Financial Resources for New Jersey Residents
Feel like you’re never going to get ahead in life? Or even catch up? Things like tax credits and temporary leave benefits might sound overwhelming just to think about, no less navigate. But the State of New Jersey is here to make it easy for you. With tax credits that can mean thousands of dollars back, or cash benefits if you’re out of work while injured or caring for a loved one, help transform your life by answering a few simple questions to start.
Maybe you’re just looking for some sound financial advice to help save for the future, but don’t know where to start. Let NJ FinLit be your guide and take advantage of the State’s free suite of financial planning tools that could save you thousands of dollars each and every year.
What’s the catch? There isn’t one. You just have to be a New Jersey resident to access these benefits and resources and many more!
Temporary Disability
Temporary Disability Insurance provides cash benefits to New Jersey workers who have to stop working due to a physical or mental health condition or other disability unrelated to their work. The healthcare provider certifies how long you need to recover from your medical condition, up to a maximum of 26 weeks. Most employers in New Jersey are required to have Temporary Disability Insurance for their employees.
Family Leave
Family Leave Insurance provides New Jersey workers cash benefits to bond with a newborn, newly adopted, newly placed foster child, or to provide care for a seriously ill or injured loved one. While most New Jersey workers who take family leave are covered under the State’s family leave program, some employers provide Family Leave Insurance through a plan with a private insurance carrier instead. If you are not sure about your coverage, ask your employer.
Senior Freeze (Property Tax Reimbursement)
The Senior Freeze Program reimburses eligible senior citizens and disabled individuals for property tax or mobile home park site fee increases on their principal residence.
Child Tax Credit (CTC)
Beginning in Tax Year 2022, a new Child Tax Credit (CTC) provides a refundable credit for families earning up to $80,000 per year. It ranges from $100 to $500 per child age 5 or younger for taxpayers who meet the income requirements.
A Stronger New Jersey
In 2018, the Murphy Administration set out to fulfill the Governor’s promise to create a stronger and fairer New Jersey. Together, with partners in the Legislature, many cost-saving and life-changing programs have been created or expanded. Now, Garden State Community Outreach is making sure families are aware of these resources, and more importantly, understand how to apply for them. From Sussex County all the way down to Cape May, the State of New Jersey has the resources you need to thrive – from access to quality, affordable healthcare and critical mental health services, to help with rising utility costs, and even thousands of dollars in real tax relief.
Financial Support for You and Your Family
Whether you’re retired, saving for a new home, or just starting out on your own, the State of New Jersey is committed to helping you enhance your financial wellbeing.
There are resources to assist New Jersey employees who have to stop working due to an injury, disability, or physical or mental health condition, tax credits you may not be aware of, and educational platforms that can help you today by strengthening your financial stability for tomorrow. Start by answering a few simple questions and discover which programs you qualify for to begin building a more economically secure future.
SPREAD THE WORD
Living in the Garden State has many benefits, including financial support to help residents make the most of their money. Share these financial assistance programs with friends, family, and neighbors to help them discover life-changing, cost-saving resources and so much more. We understand how challenging it can be to get ahead in life. Simply sharing these government resources with the loved ones in your life can make a world of a difference.
INTERESTED IN OTHER PROGRAMS?
Garden State Community Outreach, created by Governor Murphy and the Legislature, connects New Jersey residents to additional cost-saving and life-changing programs. Use the program finder to help identify which programs you may be eligible for.
General Info
Eligible Programs
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