Looking to cut down on tax preparation time? You can file your NEW JERSEY income taxes and federal taxes at the same time using ExpressTaxRefund.com. ExpressTaxRefund.com simplifies the tax preparation process by automatically filling in any matching information into both your state and federal tax forms.
States can choose three different methods to impose taxes on its residents: join, combined or a combination of the two. New Jersey taxes its residents under the joint system, which taxes married couples as one single household income. This is close to the way the federal tax system taxes a family as one single income.
New Jersey acknowledges civil unions and taxes them in the same manner as married couples; they have the option of filling joint or separate returns.
The tax payer’s gross income is used by the state of New Jersey to determine the tax base; there are a few differences between federal tax law and New Jersey state tax law.
Exemptions
Some income types are exempt from being included in gross state income tax:
- U.S. Government Bonds Interest
- Distributions from State Investment Funds that Qualify
- New Jersey Capital Gains
- Civil, public and private service pensions up to $15,000 ($20,000 Married Joint, $10,000 Married Single)
- Military Pensions
- Compensation from Unemployment
- Social Security Benefits
- Income from Disability
- New Jersey Lottery winnings under $10,000
- Medical expense over 2% of state gross income
- Income from qualified state tuitions programs
- Alimony payments
- Conservation contributions
You cannot claim property tax or rent exemptions if you claim a credit for either of those. Earning from Coverdell education savings account and 401(I) contributions are taxed.
Deductions
New Jersey does not have a standard state deduction; tax payers also cannot take itemized deductions.
Tax Rates
The New Jersey tax rates are as follow:
| Single Filer Taxable Income |
Tax Rate |
| $0 - $20,000 |
1.4% of income over $0 |
| $20,000 - $35,000 |
$280.00 plus 1.75% on anything over $20,000 |
| $35,000 - $40,000 |
$542.50 plus 3.5% on anything over $35,000 |
| $40,000 - $75,000 |
$717.50 plus 5.525% on anything over $40,000 |
| $75,000 - $500,000 |
$2,651.25 plus 6.37% on anything over $75,000 |
| $500,000+ |
$29,723.75 plus 8.97% on anything over $500,000 |
| Married, Joint Filer Taxable Income |
Tax Rate |
| $0 - $20,000 |
1.4% of income over $0 |
| $20,000 - $50,000 |
$280.00 plus 1.75% on anything over $20,000 |
| $50,000 - $70,000 |
$805.00 plus 2.45% on anything over $50,000 |
| $70,000 - $80,000 |
$1,295.00 plus 3.5% on anything over $70,000 |
| $80,000 - $150,000 |
$1,645.00 plus 5.525% on anything over $80,000 |
| $150,000 - $500,000 |
$5,512.50 plus 6.37% on anything over $150,000 |
| $500,000+ |
$27,807.50 plus 8.97% on anything over $500,000 |
| Married, Separate Filer Taxable Income |
Tax Rate |
| $0 - $20,000 |
1.4% of income over $0 |
| $20,000 - $35,000 |
$280.00 plus 1.75% on anything over $20,000 |
| $35,000 - $40,000 |
$542.50 plus 3.5% on anything over $35,000 |
| $40,000 - $75,000 |
$717.50 plus 5.525% on anything over $40,000 |
| $75,000 - $500,000 |
$2,651.25 plus 6.37% on anything over $75,000 |
| $500,000+ |
$29,723.75 plus 8.97% on anything over $500,000 |
| Head of Household Filer Taxable Income |
Tax Rate |
| $0 - $20,000 |
1.4% of income over $0 |
| $20,000 - $50,000 |
$280.00 plus 1.75% on anything over $20,000 |
| $50,000 - $70,000 |
$805.00 plus 2.45% on anything over $50,000 |
| $70,000 - $80,000 |
$1,295.00 plus 3.5% on anything over $70,000 |
| $80,000 - $150,000 |
$1,645.00 plus 5.525% on anything over $80,000 |
| $150,000 - $500,000 |
$5,512.50 plus 6.37% on anything over $150,000 |
| $500,000+ |
$27,807.50 plus 8.97% on anything over $500,000 |
ExpressTaxRefund.com supports all state income tax returns. Washington D.C. along with 41 states have income tax returns. If you live in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming, you only need to file your Federal Income Tax Return with the IRS.
Benefits of using ExpressTaxRefund.com:
- Prepares both your federal return and your state income tax returns at the same time by automatically transferring matching data into both forms.
- Finds all valid tax deductions, does the math for you and provides self-help tools to simplify tax preparation.
- Allows you to securely access and efile your tax data online from any Internet connection.
Take advantage of online E-Filing services available through ExpressTaxRefund.com
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Be kept up to date on the status of your return. You can view the status of your tax return right through our website, with daily updates to your account and filing status with the IRS.
Customer Support :
ExpressTaxRefund.com offers our customers full technical support. Our professional customer care representatives are standing by awaiting your calls Whether it’s a question regarding your account or the calculation of your return, get an answer within minutes. Live chat support is also available, with little to no wait time.
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