Use this NJ Tax Calculator, New Jersey Tax Calculator, NJ income tax, NJ property tax, NJ sales tax calculator for quick, clear estimates. Try a tiny example to see the impact of each input.
Q: How is New Jersey income tax calculated?
New Jersey income tax is calculated based on a progressive tax system, meaning different portions of your taxable income are taxed at increasing rates. The specific rate depends on your filing status and income bracket.
What is the sales tax rate in New Jersey?
The statewide sales tax rate in New Jersey is 6.625%.
How do I estimate my property taxes in NJ?
You can estimate your property taxes in NJ by multiplying the assessed value of your home by the local property tax rate (also known as the “tax rate” or “millage rate”) in your municipality.
Are there any deductions for NJ state income tax?
Yes, New Jersey offers various deductions and exemptions for state income tax, which may include exemptions for dependents, certain medical expenses, and contributions to specific retirement plans, among others.