New Jersey

W-2 reporting for New York Residents working in New Jersey

The W-2 for a New York resident who works in New Jersey typically includes wages and withholdings for both states.

New Jersey: Net Gambling Winnings

When preparing the New Jersey tax return for a resident who has gambling winnings and losses on their federal return, the preparer will need to calculate and enter the net gambling winnings in the New Jersey return.

New Jersey State Tax Information

Electronic Filing Mandate - Paid tax preparers who prepare 11 or more New Jersey individual Income Tax resident returns, including those filed for trusts and estates, during the tax year must use electronic methods to file those returns.

New Jersey Residency Information

Domicile - The taxpayer's domicile is the place they consider their permanent home, the place where they intend to return after a period of absence (e.g., vacation, business assignment, educational leave).

New Jersey: Why is a loss not showing on Form NJ-1040?

In New Jersey, Gross Income Tax is levied on gross income (rather than net income) earned or received by New Jersey resident and nonresident individuals. (N.J.

New Jersey Child Tax Credit

Starting in tax year 2022, the New Jersey Resident Tax Return (NJ-1040) includes a refundable Child Tax Credit.

2020 Tax Relief for Hurricane Ida Victims in New Jersey

Victims of Hurricane Ida in parts of New Jersey now have until Jan. 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

Tax Relief for Victims of Hurricane Ida in New Jersey

W-2 reporting for New Jersey Residents working in New York

By law, a New York employer is required to report on an employee's W-2 the same amount in Box 16 as in Box 1, regardless of the portion of the wages actually earned in New York.

New York and New Jersey Income Tax Reciprocity

Many states have reciprocity agreements with neighboring states to simplify nonresident income tax filing.