Construction Industry Employee Tax Credits

[meenan89]

Good afternoon,

I'm reaching out because one of my client's is a construction inspector and one of his acquaintances informed him that just because he's in the field of construction, he's automatically eligible for a $500.00 tax credit. He's lives and works in NJ and is purely a W-2 employee. I haven't heard of such a credit before, but I wanted to see if there was anyone else who possibly has heard of this?  

Thanks in advance for any assistance!

[ptax255]

Never heard of it.

[IRonMaN]

He should have his acquaintance prepare the return since he obviously knows more about tax laws than tax preparers.🤔

[qbteachmt]

"and is purely a W-2 employee"

The employer entity would look into this. Perhaps his buddy is running his own business, but your taxpayer isn't doing so?

[BobKamman]

I know very little about New Jersey income tax and even less about New Jersey property tax.  Does your client even know what kind of tax his friend is talking about?

[qbteachmt]

NJ has job creation and developer incentive programs. They are applied for by the business, not an employee. I have clients who are developers across a handful of States and they have lots of these applications and awards and tracking requirements ongoing.