Taxpayers In Union County To Save Thousands In 2026, Study Says

UNION COUNTY, NJ - This summer's "One Big Beautiful Bill" signed into law by President Donald Trump is set to bring New Jersey residents thousands of dollars in federal tax savings beginning in 2026.

According to new assessments done by the nonprofit research group "Tax Foundation," an estimated 62 percent of tax filers in the United States will not see a hike thanks to the new law. Tax cuts introduced by President Trump in 2017's Tax Cuts and Jobs Act are now permanent, and are joined by additional relief to individuals and businesses. These include tipped and overtime work, a larger child tax credit and standard deduction, and permanent 100 percent bonus depreciation and domestic research and development expenses.

In Union County, this equates to an average of $3,615 saved per taxpayer in 2026. This is slightly below both the statewide average of $3,700 and the United States estimate of $3,752.

Top 3 New Jersey Average Estimated Taxpayer Savings in 2026 Rankings By County:

1. Morris County ($5,239)
2. Somerset County ($5,209)
3. Hunterdon County ($5,137)

Bottom 3 New Jersey Average Estimated Taxpayer Savings in 2026 Rankings By County:

1. Cumberland County ($2,034)
2. Salem County ($2,386)
3. Atlantic County ($2,458)

The bill has been a target for critics, who say it makes severe cuts to programs like Medicaid and SNAP (food stamps). They argue it also will give massive tax breaks to the nation’s wealthiest individuals and businesses.

Supporters of the bill point to added benefits for working families and older citizens in the package. State and local deduction caps, called SALT, quadruple to $40,000 for five years, while a $6,000 savings for seniors who earn no more than $75,000 per year is also included.

The Tax Foundation utilized national-level savings, then weighted the amounts based on a number of local state datapoints. They then break down the state with the help of IRS 2022 tax return numbers that show the number of people that filed in each county, and what their average income and deductions amounted to.

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