Provides $3,000 gross income tax deduction for certain taxpayers providing home care for an elderly relative.

This New Jersey bill (S 2294) provides a $3,000 annual deduction from gross income for eligible taxpayers who care for elderly relatives. It directly affects low-to-moderate-income individuals: single filers earning under $35,000 or joint filers earning under $50,000 who provide over half the support for a relative aged 70+ living with them for at least six months each year. The deduction reduces taxable income, lowering the tax burden for qualifying caregivers. It applies to taxable years beginning after the bill's enactment date.