Calculate your take home pay after federal & New Jersey taxes
Last updated on Jul 19 2021
Paycheck calculators by state πΊπΈ
New Jersey state income tax
Brief summary:
- the income tax rate ranges from 1.40% to 10.75%
- no local income tax
- subject to three types of payroll taxes
- able to claim exemptions
- has a Earned Income Tax Credit (EITC)
New Jersey fiscal year starts from July 01 the year before to June 30 the current year. So the fiscal year 2021 will start from July 01 2020 to June 30 2021.
Calculating your New Jersey state income tax is similar to the steps we listed on our Federal paycheck calculator:
- figure out your filing status
- work out your adjusted gross income [Total annual income – Adjustments = Adjusted gross income]
- calculate your taxable income [Adjusted gross income – (Post-tax deductions + Exemptions) = Taxable income]
- understand your tax liability [Taxable income Γ Tax rate = Tax liability]
- determine whether your tax liability is more than your tax credits and withheld
- Tax liability – (Credits + Withheld) = What you owe or
- (Credits + Withheld) – Tax liability = Tax refunds
State payroll tax
| Fiscal year | Tax name | Percent of taxable wage | Up to taxable wage | Comment |
|---|---|---|---|---|
| 2021 | State Unemployment Insurance (SUI) | 0.43% | $36,200 | |
| State Disability Insurance (SDI) | 0.26% for calendar year 2020 0.47% for calendar year 2021 |
$138,200 | ||
| State Family Leave Insurance (FLI) | “0.16% for calendar year 2020 0.28% for calendar year 2021″ |
$138,200 | ||
| 2020 | State Unemployment Insurance (SUI) | 0.425% | 2019 taxable wage base up to $34,400 2020 taxable wage base up to $35,300 |
|
| State Disability Insurance (SDI) | 0.17% for calendar year 2019 0.26% for calendar year 2020 |
$134,900 | Maximum contribution is $350.74 | |
| State Family Leave Insurance (FLI) | 0.08% for calendar year 2019 0.16% for calendar year 2020 |
Maximum contribution is $215.84 |
Income tax brackets
Each filer type has different progressive tax rates. Refer to Tax Foundation for more details.
| Fiscal year | Filing status | Taxable income | Rate |
|---|---|---|---|
| 2020 | Single Married, Filing Separately |
$0 – $20,000 | 1.40% |
| $20,000 – $35,000 | 1.75% | ||
| $35,000 – $40,000 | 3.50% | ||
| $40,000 – $75,000 | 5.525% | ||
| $75,000 – $500,000 | 6.37% | ||
| $500,000 – $5,000,000 | 8.97% | ||
| $5,000,000+ | 10.75% | ||
| Married, Filing Jointly or Widow(er) Head of Household |
$0 – $20,000 | 1.40% | |
| $20,000 – $50,000 | 1.75% | ||
| $50,000 – $70,000 | 2.45% | ||
| $70,000 – $80,000 | 3.50% | ||
| $80,000 – $150,000 | 5.525% | ||
| $150,000 – $500,000 | 6.37% | ||
| $500,000 – $5,000,000 | 8.97% | ||
| $5,000,000+ | 10.75% |
Deductions
There is no state-level standard deductions.
Exemptions
There is state-level exemptions for all type of filers and dependents. Refer to Tax Foundation for more details.
| Fiscal year | Filing status | Personal exemption amount |
|---|---|---|
| 2021 2020 |
Single Married, Filing Separately Head of Household |
$1,000 |
| Married, Filing Jointly or Widow(er) | $2,000 | |
| Dependent(s) | $1,500 |
Earned Income Tax Credit (EITC)
| Fiscal year | Percentage of Federal EITC | Refundable |
|---|---|---|
| 2021 2020 |
40% | Yes |
Child Tax Credit (CTC)
There is no state-level CTC.
FAQs
What taxes do New Jerseyite pay?
New Jersey income tax rate ranges from 1.40% to 10.75% and there are also three types of payroll taxes. You still need to pay federal income tax on top of this.
How much do you make after taxes in New Jersey?
The take home pay for a single filer who earns $80,000 per year is $61,973.29.
For a married couple with a combined income of $160,000 per year, the take home pay is $125,822.14.