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Returning Member
posted Mar 18, 2023 12:17:52 PM

List of New Jersey Institutes of Higher Education

New Jersey State Tax has a deduction for Higher Education Tuition. 

From Turbo Tax 2022:  New Jersey Institute of Higher Education Tuition

If you, your spouse, or your dependent enroll in or attend a New Jersey institution of higher education, you can deduct up to $10,000 for tuition costs paid during the year.

 

NJ State tax web site states that the tuition has to be paid to an in-State institution of higher education. Does "in-State" mean only Public Universities, or any university physically located in the State?

 

What colleges fall under New Jersey Institute of Higher Education? Are Private Universities such as Princeton University qualify as New Jersey Institute of Higher Education?

 

 

From NJ State Tax website:

C.54A:3-14 Allowable deduction in the amount of higher education tuition costs.
5. a. A taxpayer with gross income of $200,000 or less shall be allowed a deduction, not
to exceed $10,000, from the taxpayer’s gross income for the taxable year in the amount the
taxpayer paid to an in-State institution of higher education during the taxable year for tuition
costs related to the taxpayer’s enrollment or attendance at the institution of higher education
or related to the enrollment or attendance of a spouse or dependent of the taxpayer at the
institution

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1 Replies
Expert Alumni
Mar 18, 2023 4:34:25 PM

Yes, Princeton University qualifies as a New Jersey Institute of Higher Education.

 

From Haefele Flanagan, CPA firm:

 

An “institution of higher education” means a postsecondary educational institution that provides instruction beyond the 12th grade level in programs that satisfy the requirements for a degree at the associate, baccalaureate, or graduate level, and which, with the exception of institutions that have a specialty mission, offers a range of degree programs. “Tuition costs” means the charges imposed by an in-State institution of higher education that are designated by the institution as the tuition costs required for the enrollment or attendance at the institution.