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New Jersey tax help, forms and answers to thousands of New Jersey tax questions. Handy summary of all New Jersey taxes, including corporate and individual New Jersey income taxes, credits, exemptions, deductions and more. Includes New Jersey estate, gift and inheritance tax, miscellaneous New Jersey taxes, pass-through entity treatment, payroll taxes, property taxes and New Jersey sales & use taxes.

New Jersey ranks #50 on the State Business Tax Climate Index (

New Jersey State Tax Summary (TaxGrams ™)
Corporate Taxes
   Rates & Brackets:
      6.76%> $0
      7.8%> $50,000
      9.36%> $100,000
   Loss Carry-back/fwd: 0 Years Back / 7 Years Forward (Unlimited)
   Throwback Sales?: N
   Foreign Tax Deductible?: N
   Alternative Minimum Tax (AMT): N
   Gross Receipts Tax: N
   Capital Stock (Net Worth) Tax?: N

Credits and Incentives
   Job Credits?: Y
   R&D Credits?: Y
   Investment Credits?: Y

Individual Taxes
   Rates & Brackets:
      1.4%> $0
      1.75%> $20,000
      3.5%> $35,000
      5.525%> $40,000
      6.37%> $75,000
      8%> $400,000
      10.25%> $500,000
      10.75%> $1,000,000
   Local Option IT Rate: 0.09%
   Federal Inc used as Base?: N
   Standard Deductions: Single N/A / Joint N/A
   Personal Exemptions/Credits (c): Single $1,000 / Joint $2,000 / Dependent $1,500
   Federal Tax Deductible?: N
   State Tax Deductible?: Y
   Alternative Minimum Tax (AMT)?: N

Inheritance, Gift, Estate, Death Taxes
   Gift Tax?: N
   Estate Tax?: Decoupled
   Inheritance Tax?: Y
   Generation-Skipping Tax?: N

Miscellaneous Taxes
   Gas Tax: 14.5 cents/gallon
   Diesel Tax: 17.5 cents/gallon
   Cigarette Tax: 270.0 cents/20 pack

Pass-through Entities
   LLC Pass-through Recognized?: Partial
   S-Corp Pass-through Recognized?: Y

Payroll Taxes
   Unemployment Insurance Tax Index ( #25

Property Taxes
   Median Tax Paid on Homes (Rank): $6,320 (#1)
   Median Value of Homes: $364,100
   Tax as % of Home Value (Rank): 1.74% (#2)
   Median Income of Homeowner: $90,010
   Tax as % of Income (Rank): 7.02% (#1)

Sales and Use Taxes
   State Rate: 7.00%
   County & City (Weighted Ave): None
   Combined State and Ave. Local Rates (Rank): 7.00% (#19)
   General Treatment of Services: Many Taxable
   Gas Exemption: Exempt
   Grocery Exemption: Exempt



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