The NJ-1040 form is the document used by New Jersey residents to file their state income tax return. It is detailed, asking for information regarding income, exemptions, deductions, and credits to calculate the tax owed or refund due to the filer. This form serves as the primary means for reporting individual income tax to the New Jersey Division of Taxation.
Filing taxes is an annual responsibility that often comes with its own set of complexities, especially for residents of New Jersey, who must navigate through the NJ-1040 form to fulfill their state tax obligations. This detailed form serves as the primary document for reporting income earned during the year, claiming various deductions and credits to which taxpayers are entitled, and ultimately determining the amount of state tax owed or the refund due. The form encompasses a range of information, starting with basic personal details and extending to more intricate financial data, such as wages, interest income, dividends, and net profits from business endeavors. Additionally, it takes into account various income exclusions, adjustments, and tax credits that can significantly affect one's tax situation. Part-year residents and those with unique scenarios like filing for extensions or changing addresses also find their circumstances accounted for within the form's design. Essential to the filing process are the schedules and instructions that accompany the NJ-1040, guiding taxpayers through each step to ensure accuracy and compliance. The form not only reflects the financial activities of an individual or couple over the past year but also includes opportunities to contribute to charitable causes directly through one's tax returns, highlighting a blend of fiscal responsibility and community support.
For Privacy Act Notification, See Instructions
2021 NJ-1040
New Jersey Resident
Income Tax Return
5R
Affix preprinted label below ONLY if the information is correct.
Your Social Security Number (required)
Last Name, First Name, Initial (Joint Filers enter first name and middle initial of each. Enter
-
spouse’s/CU partner’s last name ONLY if different.)
Spouse’s/CU Partner’s SSN (if filing jointly)
Home Address (Number and Street, including apartment number)
County/Municipality Code (See Table page 50)
City, Town, Post Office
State
ZIP Code
Fill in
if federal extension filed.
if the address above is a foreign address.
if your address has changed.
Part-year residents, provide months/days you were a New Jersey resident during 2021:
From: MM / D D / 2 1 To: MM / D D / 2 1
Fiscal year filers only:
Enter month of your year end
MM
2022
Filing Status
Fill in only one.
1.
Single
2.
Married/CU Couple, filing joint return
3.
Married/CU Partner, filing separate return
4.
Head of Household
Enter spouse’s/CU partner’s SSN
5.
Qualifying Widow(er)/Surviving CU Partner
Indicate the year of your spouse’s/CU partner’s death:
2019 or
2020
Exemptions
Fill in the ovals that apply. You must enter a total in the boxes to the right and complete the calculation.
6.
Regular
Self
7.
Senior 65+ (Born
in 1956 or earlier)
8.
Blind/Disabled
9. Veteran
Spouse/
Domestic
CU Partner
Partner
Spouse/CU Partner ..........................................
Spouse/CU Partner ...........................................
x $1,000
=
x
$1,000
$6,000 =
10.Qualified Dependent Children ...........................................................................................................
11.Other Dependents .............................................................................................................................
12.Dependents Attending Colleges (See instructions) ...........................................................................
x $1,500
$1,500
13. Total Exemption Amount (Add totals from the lines at 6 through 12)
13.
14. Dependent Information. Provide the following information for each dependent.
Last Name, First Name, Middle Initial
Social Security Number
,
Birth Year
.
No Health Insurance
Division
use
1 2
3
5
6
4
7
Page 2
Your Social Security Number
Name(s) as shown on Form NJ-1040
15.
Wages, salaries, tips, and other employee compensation (State wages from
Box 16 of enclosed W-2(s)) (See instructions)
16a.
Taxable interest income (Enclose federal Schedule B if over $1,500)
(See instructions)
16b.
Tax-exempt interest income (Enclose Schedule)
(See instructions) Do not include on line 16a
17.
Dividends
18.
Net profits from business (Schedule NJ-BUS-1, Part I, line 4)
(Enclose federal Schedule C)
19.
Net gains or income from disposition of property (Schedule NJ-DOP, line 4)
20a.
Taxable pension, annuity, and IRA distributions/withdrawals (See instructions)
20b.
Excludable pension, annuity, and IRA distributions/withdrawals
21.
Distributive Share of Partnership Income (Schedule NJ-BUS-1, Part II, line 4)
(Enclose Schedule NJK-1 or federal Schedule K-1)
22.
Net pro rata share of S Corporation Income (Schedule NJ-BUS-1, Part III, line 4)
(Enclose Schedule NJ-K-1 or federal Schedule K-1)
23.
Net gains or income from rents, royalties, patents, and copyrights
(Schedule NJ-BUS-1, Part IV, line 4)
24.
Net gambling winnings (See instructions)
25.
Alimony and separate maintenance payments received
26.
Other (Enclose documents) (See instructions)
27.
Total Income (Add lines 15, 16a, 17 through 20a, and 21 through 26)
28a.
Pension/Retirement Exclusion (See instructions)
28b.
Other Retirement Income Exclusion (See Worksheet D and
instructions pages 19-20)
28c.
Total Exclusion Amount (Add lines 28a and 28b)
29.
New Jersey Gross Income (Subtract line 28c from line 27)
30.
Exemption Amount (Enter amount from line 13. Part-year residents see instr.)
31.
Medical Expenses (See Worksheet F and instructions)
32.
Alimony and separate maintenance payments (See instructions)
33.
Qualified Conservation Contribution
34.
Health Enterprise Zone Deduction
35.
Alternative Business Calculation Adjustment (Schedule NJ-BUS-2, line 11)
36.
Organ/Bone Marrow Donation Deduction (See instructions)
37.
Total Exemptions and Deductions (Add lines 30 through 36)
38.
Taxable Income (Subtract line 37 from line 29)
39a.
Total Property Taxes (18% of Rent) Paid (See instructions page 24) ...
39b. Block
Lot
Qualifier
39c. County/Municipality Code
if you completed Worksheet G.
39d. Indicate your residency status during 2021 (fill in only one oval)
Homeowner
Tenant
Both
Page 3
40.
.......................................................Property Tax Deduction (From Worksheet H) (See instructions)
41.
New Jersey Taxable Income (Subtract line 40 from line 38)
42.
Tax on amount on line 41 (Tax Table page 52)
Enter Code
43.
Credit For Income Taxes Paid to Other Jurisdictions
(Enclose Schedule NJ-COJ) (See instructions)
44.
Balance of Tax (Subtract line 43 from line 42)
45.
Sheltered Workshop Tax Credit
46.
Gold
Star Family Counseling Credit (See instructions)
47.
Credit for Employer of Organ/Bone Marrow Donor (See instructions)
48.
Total Credits (Add lines 45 through 47)
49.
Balance of Tax After Credits (Subtract line 48 from line 44) If zero or less, make no entry
50.
Use Tax Due on Internet, Mail-Order, or Other Out-of-State Purchases
(See instructions) If no Use Tax, enter 0.00
51.
Interest on Underpayment of Estimated Tax
if Form NJ-2210 is enclosed
52.
....................................................................Shared Responsibility Payment (See instructions)
REQUIRED Enclose Schedule HCC and fill in
53.
..................................................................................Total Tax Due (Add lines 49 through 52)
54.
Total NJ Income Tax Withheld (Enclose Forms W-2 and 1099)(Part-year, see instr.) ..
55.
Property Tax Credit (See instructions page 23)
55
56.
New Jersey Estimated Tax Payments/Credit from 2020 tax return
57.
New Jersey Earned Income Tax Credit (See instructions)
if you had the IRS calculate your federal earned income credit
if you are a CU couple claiming the NJ Earned Income Tax Credit
58.
Excess New Jersey UI/WF/SWF Withheld (Enclose Form NJ-2450) (See instructions)
59.
Excess New Jersey Disability Insurance Withheld (Enclose Form NJ-2450) (See instructions)
...............
60.
Excess New Jersey Family Leave Insurance Withheld (Enclose Form NJ-2450) (See instructions)
........ 60.
61.
Wounded Warrior Caregivers Credit (See instructions)
62.
Pass-Through Business Alternative Income Tax Credit (See instructions)
63.
Child and Dependent Care Credit (See instructions)
if you are a CU couple claiming the Child and Dependent Care Credit
64.
Total Withholdings, Credits, and Payments (Add lines 54 through 63)
65.
If line 64 is less than line 53, you have tax due.
Subtract line 64 from line 53 and enter the amount you owe
If you owe tax, you can still make a donation on lines 68 through 75.
66.
If the total on line 64 is more than line 53, you have an overpayment.
Subtract line 53 from line 64 and enter the overpayment
67.
.Amount from line 66 you want to credit to your 2022 tax
Page 4
68.Contribution to N.J.
Endangered Wildlife Fund ......................................
69.Contribution to N.J. Children’s Trust
Fund To Prevent Child Abuse.................................
70.Contribution to N.J. Vietnam
Veterans’ Memorial Fund........................................
71.Contribution to N.J. Breast
Cancer Research Fund ..........................................
72.Contribution to U.S.S. New Jersey
Educational Museum Fund.....................................
$10
$20
Other
68.
69.
70.
71.
72.
73.Other Designated Contribution
(See instructions) ...................................................
$10 $20 Other
73.
74. Other Designated Contribution
74.
75.
Other Designated Contribution
76.
Total Adjustments to Tax Due/Overpayment amount
(Add lines 67 through 75)
77.
Balance due (If line 65 is more than zero, add line 65 and line 76)
.................................
if paying by e-check or credit card
78.
Refund amount (If line 66 is more than zero, subtract line 76 from line 66)
Gubernatorial Elections Fund
Do you want to designate $1 to the Gubernatorial Elections Fund?
You
Yes
No
If joint return, does your spouse want to designate $1?
Spouse/CU Partner
This does not reduce your refund or increase your balance due.
Signature
Under penalties of perjury, I declare that I have examined this Income Tax return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. If prepared by a person other than the taxpayer, this declaration is based on all information of which the preparer has any knowledge.
Your Signature
Date
Spouse’s/CU Partner’s Signature (required if filing jointly)
Driver’s License Number (Voluntary) (See instructions)
if death certificate is enclosed.
if you do not want a paper form next year.
I authorize the Division of Taxation to discuss my return and enclosures with my preparer (below).
Paid Preparer’s Signature (Fill in if NJ-1040-O is enclosed)
Federal Identification Number
Firm’s Name
Firm’s Federal Employer Identification Number
Keep a copy of this return and all supporting documents for your records.
Tax Due Address
Enclose payment along with the NJ-1040-V payment voucher and tax return. Use the labels provided with the envelope and mail to:
State of New Jersey
Division of Taxation
Revenue Processing Center – Payments PO Box 111
Trenton, NJ 08645-0111
Include Social Security number and make check or money order payable to:
State of New Jersey – TGI
You can also make a payment on our website:
nj.gov/taxation
Refund or No Tax Due Address
Use the labels provided with the envelope and mail to: State of New Jersey
Revenue Processing Center – Refunds PO Box 555
Trenton, NJ 08647-0555
Filing your New Jersey Resident Income Tax Return (NJ-1040) is an important step to ensure compliance with state tax laws. This form is used for reporting income, calculating taxes owed, and claiming any deductions or credits you're eligible for. Here's a guide to help you fill out the form accurately and efficiently.
Remember to keep a copy of your filed tax return and all supporting documents for your records. Filing this form correctly and on time helps avoid potential penalties and ensures your tax responsibilities are met.
The NJ-1040 is a document that New Jersey residents use to file their state income tax returns. It's designed for reporting income, calculating taxes owed, or determining the refund due from the state. This form covers various types of income, deductions, and credits that affect how much state tax you owe.
Most New Jersey residents who earn income during the tax year are required to file an NJ-1040 form. This includes individuals who are employed, self-employed, or receive other forms of income, such as pensions or interest. If you're a part-year resident or have specific situations like owing certain taxes or credits, filing might also be necessary.
Before starting your NJ-1040, gather the following:
The NJ-1040 can be submitted either digitally through New Jersey's online filing system or mailed in a paper format. For electronic submissions, visit the official website of the New Jersey Division of Taxation and look for the online filing options. If you prefer to mail your return, the address will vary depending on whether you are making a payment or receiving a refund or have no tax due.
For most taxpayers, the NJ-1040 form is due on April 15th of each year. However, if the 15th falls on a weekend or holiday, the deadline will be the next business day. If you need more time to file, you can request a six-month extension, which extends the deadline to October 15th. Remember, this extension applies to filing your return, not to any payments owed, which are still due by April 15th to avoid penalties and interest.
If you need assistance with your NJ-1040 form, various resources are available:
When filling out the NJ-1040 form for New Jersey Resident Income Tax Return, individuals often make mistakes that can delay processing or affect the accuracy of their tax return. Here are five common errors to avoid:
Incorrect Social Security Numbers (SSNs): Entering an incorrect SSN can lead to processing delays or mismatches in records. It's crucial to double-check the SSNs for the taxpayer, spouse/CU partner, and dependents.
Choosing the Wrong Filing Status: Selecting the incorrect filing status affects tax liability and eligibility for certain credits. It's important to understand the criteria for each status and choose the one that matches your situation.
Omitting Income Information: Failing to report all sources of income, such as wages, dividends, or alimony, can result in inaccuracies on the return. Ensure that all income, as specified in sections 15 through 26, is accurately reported.
Incorrect Deduction and Exemption Claims: From medical expenses to property tax deductions, inaccurately calculating deductions or claiming ineligible exemptions can impact your tax calculation. Pay careful attention to the rules governing each deduction and exemption category.
Math Errors: Simple math mistakes can alter the total tax liability or refund amount. It's advisable to use tax software or consult with a professional to minimize these errors, especially when calculating total income, tax owed, and deductions.
To avoid these mistakes, taxpayers should:
Thoroughly review the instructions provided with the NJ-1040 form.
Use updated tax software or seek assistance from a tax professional.
Double-check all entries, especially numbers and Social Security Numbers.
Ensure all income is reported and all applicable deductions and credits are correctly claimed.
Review the calculation of taxable income and tax liability to ensure accuracy.
By paying attention to these details, taxpayers can reduce errors and ensure their NJ-1040 forms are filled out correctly and accurately.
Filing your New Jersey Resident Income Tax Return (NJ-1040) is a significant step in fulfilling your tax obligations. However, it often requires the submission of additional forms and documents to provide a comprehensive picture of your financial situation. These additional submissions play a critical role in ensuring that your tax return is accurate and that you're taking advantage of all the tax benefits available to you.
Together, these forms augment the NJ-1040 form, ensuring that individuals accurately report their income, claim qualified deductions, and compute the correct amount of tax due or refund owed. It's important to review each of these documents carefully and consult with a tax professional if you have questions about your specific tax situation or about which forms are necessary for your return. Remember, taking the time to properly gather and complete all relevant forms can help you avoid penalties, secure potential refunds, and ensure compliance with state and federal tax laws.
The IRS Form 1040 is one document similar to the NJ1040, primarily because it serves a similar fundamental purpose. It's the U.S. federal individual income tax return form used by citizens or resident aliens to file their annual income tax with the Internal Revenue Service (IRS). Both forms require detailed financial information from the taxpayer, including income, deductions, and credits, to calculate the amount of tax owed or the refund due. The NJ1040, however, is specific to New Jersey residents, illustrating the state-level counterpart to this federal requirement.
Another document bearing resemblance to the NJ1040 form is Schedule C, which is used for reporting income or loss from a business operated or a profession practiced as a sole proprietor. Taxpayers filing the NJ1040 who have business income would also need to complete a Schedule C for their federal tax return if they report their business earnings. Both forms require detailed income and expense information and play a crucial role in determining the taxpayer’s overall tax liability.
The IRS Schedule D is similar to parts of the NJ1040 that deal with reporting capital gains or losses from the sale or exchange of capital assets. Both the NJ1040 and Schedule D require taxpayers to list out their transactions, including sales of stocks, real estate, and other assets, to calculate their net gain or loss for the tax year. This information affects the overall income subject to taxation on both state and federal levels.
Form NJ-1040-ES resembles the NJ1040 form in its Tax Payments section. The NJ-1040-ES is designed for individuals to calculate and pay estimated taxes on income not subject to withholding tax, such as earnings from self-employment, interest, dividends, and rental income. Just like the NJ1040, it deals with ensuring the taxpayer meets their tax obligation, but it's tailored for those making payments throughout the tax year, as opposed to settling annual tax liabilities at once.
IRS Form W-2 is indirectly related to the filing of the NJ1040 form since it provides critical data needed to complete it. This document, furnished by employers, outlines the annual wages and taxes withheld for an employee. Taxpayers use the information from Form W-2 to fill out income and tax withholding sections on both their federal and state tax returns, making it a foundational document in the tax filing process.
Lastly, the IRS Schedule E, used for reporting income from rental property, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs, shares similarities with the NJ1040 for taxpayers who have these types of income. Both the NJ1040 and Schedule E require taxpayers to disclose income or losses from these sources, impacting the calculation of taxable income and, subsequently, the amount of taxes owed.
When completing the NJ-1040 New Jersey Resident Income Tax Return, a meticulous approach is required. Here are five key practices to adopt, as well as five pitfalls to avoid, ensuring accuracy and compliance throughout the process.
Filing taxes can often feel overwhelming, especially when navigating through various forms like the NJ-1040 form. However, easing the burden starts with busting common myths that make the process seem more daunting than it actually is. Here are four misconceptions about the NJ-1040 form and the truths behind them:
Understanding the NJ-1040 form is crucial for New Jersey residents and those who have earned income in the state. By dispelling common myths, taxpayers can approach tax season with more confidence and ease, ensuring they meet their obligations accurately and efficiently.
When filling out and using the NJ-1040 form for New Jersey Resident Income Tax Return, it is crucial to pay attention to the following key takeaways:
Ensuring accuracy in these aspects of the NJ-1040 form will help expedite the processing of your return, potentially reduce your tax liability, and avoid unnecessary delays or audits by the tax authority. Always consult the instructions provided with the form or seek professional advice if you encounter difficulties or have specific situations that are not clearly addressed in the form instructions.
Nj W2 Form - With its focus on Gross Income Tax withholdings, the NJ927W plays a pivotal role in the state's strategy to ensure fair tax practices and compliance among its employers.
Imm7 - Contributes to the state's public health records, ensuring that data on student immunizations is up-to-date and accurate.