New Jersey
What's New
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media mention
October 29, 2018NJ Spotlight: GOP Leaders Call on NJ Democrats to Reconsider Middle-class Tax Cuts
The related tax-cut bills — and another that would shield most retirement-savings contributions from state income taxes — were introduced at the start of the year but have not been…
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ITEP Work in Action
October 22, 2018NorthJersey.com: 2018 Elections: Candidates Taking Wait-and-See Approach to SALT Deductions
A study by the Institute on Taxation and Economic Policy, a non-partisan think tank, found that a majority of New Jersey taxpayers in every income group will pay less taxes…
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ITEP Work in Action
October 18, 2018NJ Spotlight: New Jersey’s Tax System Ranked Among Fairest in the Country
A report on the fairness of state and local tax policy that was released yesterday by the Washington, D.C.-based Institute on Taxation and Economic Policy ranked New Jersey among the…
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media mention
October 17, 2018NJ BIZ: Report: NJ’s Top Earners Pay Lower Tax Share Than Middle-Income Families
New Jersey’s top earners enjoy vastly more wealth than the majority of New Jersey residents but pay a much lower percentage of taxes than middle-income families in the state. That’s… -
ITEP Work in Action
October 17, 2018Insider NJ: New Analysis: Middle Class Taxpayers in New Jersey Still Paying More Than Tax Rate Paid by Richest 1 Percent of New Jerseyans
A new study released today by the Institute on Taxation and Economic Policy (ITEP) and New Jersey Policy Perspective (NJPP) finds that New Jersey’s middle class families pay more in… -
blog
July 10, 2018Building on Momentum from Recent Years, 2018 Delivers Strengthened Tax Credits for Workers and Families
Despite some challenging tax policy debates, a number of which hinged on states’ responses to federal conformity, 2018 brought some positive developments for workers and their families. This post updates a mid-session trends…
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blog
May 22, 2018Most States Have Raised Gas Taxes in Recent Years
State tax policy can be a contentious topic, but in recent years there has been a remarkable level of agreement on one tax in particular: the gasoline tax. Increasingly, state… -
blog
May 21, 2018Debate Over New Jersey’s Millionaires and ITEP’s Data
New Jersey’s new governor, Phil Murphy campaigned on a promise to raise state income taxes on millionaires, a proposal that is supported by 70 percent of the state and was,… -
ITEP Work in Action
April 16, 2018New Jersey Policy Perspectives: Undocumented Immigrants Pay Taxes: County Breakdown of Taxes Paid
While undocumented immigrants in New Jersey now face greater threats from the federal government than ever before, new data at the state and county level released by the Institute on…
Related Resources
ITEP Publications about New Jersey
Reports about New Jersey using ITEP data
All items referencing New Jersey
By the Numbers
| Personal Income Tax Features | |
|---|---|
| Range of Tax Rates | 1.4% - 8.97% |
| Standard Deduction |
|
| Personal Exemption | $1,000 |
| Dependent Exemption | $1,500 |
| Earned Income Tax Credit (EITC) | 20% Refundable |
| Corporate Income Tax Features | |
|---|---|
| Range of Tax Rates | N/A |
| Income Level at Which Top Rate Applies | N/A |
| Combined Reporting | 9.00% |
| Apportionment Factor (Payroll) | All |
| Apportionment Factor (Property) | No |
| Apportionment Factor (Sales) | 0% |
| Sales Tax Features | |
|---|---|
| State Sales Tax Rate | 7.00% |
| Average Local Sales Tax Rate | N/A |
| Average Combined State & Local Sales Tax Rate | 7.00% |
| State Sales Tax Treatment of Groceries | Exempt |
| Local Sales Tax Treatment of Groceries | N/A |
| Number of Services Taxed | 11 out of 168 surveyed (2007) |
| Streamlined Sales Tax Membership | Full |
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| Property Tax Features | |
|---|---|
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| Other Tax & Revenue Features | |
|---|---|
| Gasoline Tax Rate (per gallon) | $0.145 |
| Diesel Tax Rate (per gallon) | $0.175 |
| Cigarette Tax Rate (per pack) | $2.70 |
| Estate or Inheritance Tax | Yes |
| Net Lottery Sales Per Capita | $280 (2010) |
| Tax Policy Oversight | |
|---|---|
| Tax Expenditure Report | Yes, but excludes at least one major tax |
| Tax Incidence Analysis Capability | Personal income tax only |
Last updated January 13, 2015
RESOURCES
State Tax & Revenue Information
- New Jersey Legislature - Office of Legislative Services - Revenue Snapshot
- New Jersey Legislature - Office of Legislative Services - Legislative Budget & Finance Office
- New Jersey Department of the Treasury - Division of Taxation - Publications
- New Jersey Department of the Treasury - Office of Management and Budget
Tax Expenditure Reports
State Statutes & Legislation
State Tax Forms
- New Jersey Department of the Treasury - Division of Taxation - Income Tax Returns
- New Jersey Department of the Treasury - Division of Taxation - Property Tax Programs