![]() Includes all forms + live chat support, Ask a Tax Pro. ![]() Įach state’s tax code is a multifaceted system with many moving parts, and New Jersey is no exception. The first step towards understanding New Jersey’s tax code is knowing the basics. 1 TurboTax Deluxe Learn More On Intuit's Website 2 TaxSlayer Premium Federal Filing Fee 25 off Premium: Was: 54.95 Now: 41.21. There is no equivalent bracket for single filers. The proposal would also eliminate a tax bracket for joint filers that raises the marginal rate for income between 50,000 and 70,000 to 2.45. New Jersey has a 6.625 percent state sales tax rate, a max local sales tax rate of 3.313 percent, and an average combined state and local sales tax rate of 6.60 percent. Under the Republican plan, that same marginal rate would apply to income between 34,255 and 59,946. New Jersey has a 6.5 percent to 11.5 percent corporate income tax rate. ![]() There is also a jurisdiction that collects local income taxes. How does New Jersey’s tax code compare? New Jersey has a graduated individual income tax, with rates ranging from 1.40 percent to 10.75 percent. Taxes in New Jersey New Jersey Tax Rates, Collections, and Burdens ![]()
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