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Understanding Personal Income Tax in New Jersey

Filed under State Taxes. Fact checked on February 13, 2013.

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New Jersey's income tax is discussed.

If you are a resident or nonresident of New Jersey and receive taxable income individually from property owned or business transacted in New Jersey, you are subject to tax on net income. Therefore, if you are operating your business as an S corporation, partnership, limited liability company, or sole proprietorship, you will be subject to a personal income tax on your business income that passes through to you.

The following rates are applicable for 2012:

Married/Civil Union, Filing Jointly; Heads of Households; and Surviving Spouses/Civil Partners
Taxable Income Amount of Tax
Not over $20,000 1.40% minus $0
Over $20,000, but not over $50,000 1.75% minus $70
Over $50,000, but not over $70,000 2.45% minus $420
Over $70,000, but not over $80,000 3.5% minus $1,154.50
Over $80,000, but not over $150,000 5.525% minus $2,775
Over $150,000, but not over $500,000 6.37% minus $4,042.50
Over 8.97% minus $17,042.50

Single; Married/Civil Union filing Separately
Taxable Income Amount of Tax
Not over $20,000 1.40% minus $0
Over $20,000, but not over $35,000 1.75% minus $70
Over $35,000, but not over $40,000 3.5% minus $682.50
Over $40,000, but not over $75,000 5.525% minus $1,492.50
Over $75,000, but not over $500,000 6.37% minus $2,126.25
Over $500,000 8.970% minus $15,126.25

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