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New Jersey Personal Income Tax Laws


Explanation of Chart and More Information on Personal Income Tax Laws

Code Section54A:1, et seq.
Who is Required to FileIndividuals, estates and trusts, residents and nonresident taxed on gross income; Nonresidents are only taxed on income derived from New Jersey sources; Partnerships and associations are not taxable; Local taxes may be required
RateFirst $20,000, 1.4%; Next $30,000, 1.75%; Next $20,000, 2.45%; Next $10,000, 3.5%; Next $70,000, 5.525%; Over $150,000, 6.37%
Federal Income Tax DeductibleNo
Federal Income Used as BasisNo

Note: State laws are constantly changing -- contact an attorney or conduct your own legal research to verify the state law(s) you are researching.

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