OLT.com Customer Service Knowledge Base
Support Center > Knowledge base> Category: New Jersey
Category: New Jersey
26 Articles
Orange arrow New Jersey Qualified Investment Funds

2645 views
  Qualified Investment Funds Distributions and gains from a New Jersey “qualified investment fund” are excludable from income to the extent that the distributions and gains come from the qualified exempt obligations held by the fund. To be a “qualified investment fund” the f...
Posted in: States, New Jersey

Orange arrow New Jersey Excludable Income

5802 views
  Excludable Pension, Annuity, and IRA Distributions/Withdrawals Enter the excludable portion of any distribution you received from a contributory pension, annuity, or IRA. This is the amount that represents your previously taxed contributions. Three-Year Rule Method. Include the full amount rece...
Posted in: States, New Jersey

Orange arrow New Jersey Homestead Rebate

2051 views
  You may be eligible if you met these requirements: You were a New Jersey resident; and You owned and occupied a home in New Jersey that was your principal residence on October 1; and Property Taxes for 2021 were paid on that home; and You met the 2021 income requirements *If you were not a...
Posted in: States, New Jersey

Orange arrow New Jersey Forfeiture Penalty for Early Withdrawal

2131 views
  Forfeiture Penalty for Early Withdrawal. If you incur a penalty by withdrawing a time deposit early, you can subtract the amount of the penalty from your interest income....
Posted in: States, New Jersey

Orange arrow Can I Deduct My New Jersey Medical Expenses?

2860 views
  Medical Expenses You can deduct certain unreimbursed medical expenses you paid during the year for yourself, your spouse or domestic partner, and any dependents you claim. You can only deduct expenses that are more than 2% of your gross income. In general, medical expenses allowed for federal tax ...
Posted in: States, New Jersey

Orange arrow New Jersey Payment Options

2276 views
  Check or Money Order. There is a payment voucher (Form NJ-1040-V) at the front of this booklet. Do not use the preprinted voucher if any information is incorrect. Instead, complete a blank voucher, which is available on our website at njtaxation.org. Make your check or money order payable to Stat...
Posted in: States, New Jersey

Orange arrow New Jersey Net Profits From Business

2073 views
  Schedule NJ-BUS-1 Business Income Summary Schedule Part I – Net Profits From Business Report the net profits or loss from your business, trade, or profession. Make the following adjustments to your federal Schedule C ( or F): 1. Add any amount you deducted for taxes based on income. 2...
Posted in: States, New Jersey

Orange arrow New Jersey Underpayment Penalty Form NJ2210

2095 views
  You may owe interest if you did not make estimated payments, including withholdings (see line 6), equal to at least 80% of your 2021 tax liability (line 49, Form NJ-1040) or 100% of your 2020 tax liability, provided your 2020 New Jersey Income Tax return covered a full 12-month period. If an underp...
Posted in: States, New Jersey

Orange arrow New Jersey Qualified Conservation Contributions

2271 views
  Qualified Conservation Contribution Enter any qualified contribution you made of real property (land) in New Jersey for conservation purposes (e.g., protection of natural habitat, farmland, forest, or open space). The deduction is the amount of the contribution allowed as a deduction in calculatin...
Posted in: States, New Jersey

Orange arrow What is the New Jersey Gubernatorial Elections Fund Used For?

2301 views
  Gubernatorial Elections Fund If you would like to designate $1 to help candidates for Governor pay campaign expenses, fill in the “Yes” oval. If you are filing a joint return, your spouse can also elect to designate $1 to this fund. Filling in the “Yes” oval will not red...
Posted in: States, New Jersey

Orange arrow How do I file a New Jersey amended return?

2412 views
  You must use Form NJ-1040X for the appropriate tax year to change (amend) any information reported on your original resident income tax return (Form NJ‑1040 or return that was filed using NJ WebFile or approved vendor software). If you have already filed a 2021 resident income tax return, and you n...
Posted in: States, New Jersey

Orange arrow How can I file an extension for my New Jersey taxes?

2277 views
  Extension of Time to File There is no extension of time to pay your tax due – only to file. Penalties and interest will be charged if you pay your tax after April 18, 2022. (Military personnel and civilians providing support to the Armed Forces, see page 45.) You can receive a six-month...
Posted in: States, New Jersey

Orange arrow How can I contact the state of New Jersey about my taxes?

2095 views
  By PhoneFor those of you who wish to contact the Division by phone, our Important Phone Numbers webpage contains telephone numbers that will provide you with a multitude of information! General Tax Information - 609-826-4400 or 1-800-323-4400 (within NJ, NY, PA, DE, MD) In PersonThe New J...
Posted in: States, New Jersey

Orange arrow How can I check the status of my New Jersey refund?

1954 views
  Check your refund status online at the NJ DOR webpage: Check Your Refund Status (state.nj.us)...
Posted in: States, New Jersey

Orange arrow When should I file my New Jersey state taxes?

1667 views
  In general, your New Jersey income tax return is due when your Federal income tax return is due. For calendar year filers, the New Jersey income tax return is due by April 18, 2022. Fiscal year filers must file their New Jersey income tax return by the 15th day of the fourth month following the clo...
Posted in: States, New Jersey


Page: 1 of 2