Allows gross income tax deduction for employees for amounts paid by employers for certain educational assistance programs for employees and for employee's student loans.

New Jersey's bill A2337 would allow employees to deduct up to $5,250 annually from their state gross income tax for employer-paid educational assistance (like tuition, fees, or books) and student loan payments (principal or interest). The deduction mirrors federal tax rules, requiring educational programs to cover legitimate coursework (not hobbies) and student loans for qualified higher education expenses. Employers must have a written plan for educational assistance, and employees can use both deductions in the same year up to the $5,250 limit per category. This policy directly affects NJ employees receiving these benefits, making such employer support tax-free under state law.