The new year will bring some tax changes in New Jersey.
A 2016 law that raised the state tax gas also provides for tax breaks taking effect January 1st.
Senator Steve Oroho says for residents 62 and older, the amount of pensions and other retirement income excluded from the state income tax goes up to $45,000 for individuals and $60,000 for those who file joint returns.
"I actually do think It'll keep more people here in the state. Our retirees do want to stay around by their families."
The estate tax will be completely eliminated.