Thank you for reaching out.  Below are links for the New Jersey State Division of Taxation and your local office of the Internal Revenue Service.  These agencies should be able to answer questions you have related to the taxability of the funds received. 

The NJEDA does not provide tax guidance and would recommend you consult your tax professional as every business is structured differently.

Internal Revenue Service – CARES Act Coronavirus Relief Fund FAQs

New Jersey Division of Taxation

If you think you have been a victim of identity theft regarding an NJEDA program, please use the the form below to submit a report.

*To ensure confidentiality, we cannot provide you an update or final outcome of our review once you submit your report.