A4864 — Allows gross income taxpayers to claim deduction for certain losses for which federal theft loss deduction is allowed.

A4864 — Allows gross income taxpayers to claim deduction for certain losses for which federal theft loss deduction is allowed. · Informed CitizenryAssembly Bill 4864 allows New Jersey taxpayers to claim a deduction for certain losses that are federally deductible. Currently, taxpayers can deduct losses resulting from theft when filing their f…Open in Informed Citizenry