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Controlling Your Taxes Your State Tax Obligations New Jersey Taxes on Business Income in New Jersey Personal Income Tax in New Jersey
Controlling Your Taxes Your State Tax Obligations New Jersey Taxes on Business Income in New Jersey Personal Income Tax in New Jersey
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PrintPersonal Income Tax in New Jersey
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 to the amount of income over the exempted amount:
| Married Individuals Filing Joint Returns, Heads of Households and Surviving Spouses | |
|---|---|
| Taxable Income | Amount of Tax |
| Not over $20,000 | 1.40% |
| Over $20,000, but not over $50,000 | $280 plus 1.75% of excess over $20,000 |
| Over $50,000, but not over $70,000 | $805 plus 2.45% of excess over $50,000 |
| Over $70,000, but not over $80,000 | $1,295.50 plus 3.5% of excess over $70,000 |
| Over $80,000, but not over $150,000 | $1,645 plus 5.525% of excess over $80,000 |
| Over $150,000, but not over $500,000 | $5,512.50 plus 6.37% of excess over $150,000 |
| Over $500,000 | $27,807.50 plus 8.97% of excess over $500,000 |
| Married Individuals Filing Separately, All Other Unmarried Individuals and Estates and Trusts | |
|---|---|
| Taxable Income | Amount of Tax |
| Not over $20,000 | 1.40% |
| Over $20,000, but not over $35,000 | $280 plus 1.75% of excess over $20,000 |
| Over $35,000, but not over $40,000 | $542.50 plus 3.5% of excess over $35,000 |
| Over $40,000, but not over $75,000 | $717.50 plus 5.525% of excess over $40,000 |
| Over $75,000, but not over $500,000 | $2,651.25 plus 6.37% of excess over $75,000 |
| Over $500,000 | $29,723.75 plus 8.97% of excess over $500,000 |
