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Category: New Jersey
54 Articles
Orange arrow What is the New Jersey Gubernatorial Elections Fund?

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  The Gubernatorial Elections Fund, financed by taxpayer designated $1 contributions, provides partial public financing to qualified candidates for the office of Governor of New Jersey. With its contribution and expenditure limits, the Gubernatorial Public Financing Program has since 1977 assisted 70...
Posted in: STATES, New Jersey

Orange arrow New Jersey Qualified Conservation Contributions

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  Enter on Line 32 the amount of any contribution you made for conservation purposes of a qualified real property interest in property located in New Jersey. The amount of the deduction is the amount of the contribution allowed as a deduction in computing your taxable income for Federal income tax pu...
Posted in: STATES, New Jersey

Orange arrow New Jersey Use Tax

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  When you purchase taxable items or services to be used in New Jersey but do not pay sales tax, you owe use tax. This commonly occurs when purchases are made on the Internet, by phone or mail order, or outside the State from sellers who do not collect New Jersey sales tax. The New Jersey use tax rat...
Posted in: STATES, New Jersey

Orange arrow New Jersey Use Tax Credit for Tax Paid to Another State

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  If sales tax has been collected out of State, use tax is only due if the tax was paid at a rate less than 7%, based on the difference. For example:You purchased a computer for $1,550 plus $50 for shipping from a seller located outside of New Jersey and paid no sales tax. Your use tax liability to ...
Posted in: STATES, New Jersey

Orange arrow New Jersey Medical Expenses

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  Medical Expenses You may deduct certain medical expenses that you paid during the year for yourself, your spouse/civil union partner or domestic partner, and your dependents. However, you cannot deduct expenses for which you were reimbursed. Only expenses in excess of 2% of your income may be dedu...
Posted in: STATES, New Jersey

Orange arrow New Jersey UI/HC/WD; DI Credit

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  You may take credit for excess unemployment insurance (UI)/workforce development partnership fund (WF)/supplemental workforce fund contributions (SWF) and/or disability insurance contributions (DI) withheld by two or more employers. For 2014, the maximum employee UI/ WF/SWF contribution was $133.8...
Posted in: STATES, New Jersey

Orange arrow New Jersey Homestead Rebate

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  Homeowners. Applications for the homeowner rebate are expected to be mailed at the end of April, and homeowners will apply either online or by phone. Homeowners do not use the application in this booklet. Residents who owned, occupied, and paid property taxes on a home in New Jersey that was their ...
Posted in: STATES, New Jersey

Orange arrow New Jersey Net Gambling Winnings

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  New Jersey Lottery winnings from prize amounts exceeding $10,000 are taxable for New Jersey gross income tax purposes. The individual prize amount, not the total amount of New Jersey Lottery winnings over the year, determines taxability. Enter on Line 23 the amount of your net gambling winnings. Y...
Posted in: STATES, New Jersey

Orange arrow Contribution

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  New Jersey Contributions and Other Designated Contribution New Jersey Endangered Wildlife Fund Help keep NJ wildlife in our future! Over 70 endangered and threatened species struggle for survival in NJ, the most densely populated state in the nation and each day brings them closer to extinction. ...
Posted in: STATES, New Jersey

Orange arrow New Jersey Other Income

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  Amounts Received as Prizes and Awards. A prize won in a raffle, drawing, television or radio quiz show, contest, or any other event is taxable and must be included. Any prizes or awards received in goods or services must be included as income at fair market value. Income in Respect of a Decedent. ...
Posted in: STATES, New Jersey

Orange arrow New Jersey Payment Options

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  How to Pay The balance of tax due must be paid in full by the original due date of the return. If you owe less than $1, no payment is required. You may make your payment by check or money order, electronic check (e-check), or credit card. Check or Money Order. You will find a payment voucher (For...
Posted in: STATES, New Jersey

Orange arrow New Jersey Underpayment Penalty Form NJ2210

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  Use Form NJ-2210 to determine if you are subject to interest on the underpayment of estimated tax. Estates and trusts are subject to interest on underpayment of estimated tax and may need to complete form NJ-2210, except estates and trusts that meet the two year limitation and other criteria of f...
Posted in: STATES, New Jersey

Orange arrow New Jersey Blind or Disabled Additional Exemption

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  Blind or Disabled If you were blind or disabled on the last day of the tax year, you are eligible for an additional exemption. If you are filing a joint return, an additional exemption is also available if your spouse/civil union partner was blind or disabled on the last day of the tax year. This ...
Posted in: STATES, New Jersey

Orange arrow New Jersey Dependents Attending Colleges

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  Dependents Attending Colleges You may claim an additional exemption for each dependent claimed on Line 9 or 10 if all the requirements below are satisfied. This exemption is not available to you or your spouse/civil union partner or your domestic partner. Requirements: Œ Student must be under ...
Posted in: STATES, New Jersey

Orange arrow New Jersey Excludable Income

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  Pension Exclusion You qualify for the New Jersey pension exclusion if: - You (and/or your spouse/civil union partner if filing jointly) were 62 years of age or older or disabled as defined by Social Security guidelines on the last day of the tax year; and - Total income for the entire year was $100...
Posted in: STATES, New Jersey


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