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The tax tables below include the tax rates thresholds and allowances included in the jersey tax calculator 2020.
Income tax brackets new jersey. Jersey social security rates and thresholds in 2020. New jersey s 2020 income tax ranges from 1 4 to 10 75. This page has the latest new jersey brackets and tax rates plus a new jersey income tax calculator. The income tax rates and personal allowances in jersey are updated annually with new tax tables published for resident and non resident taxpayers.
New jersey s maximum marginal income tax rate is the 1st highest in the united states ranking directly below new jersey s. New jersey collects a state income tax at a maximum marginal tax rate of spread across tax brackets. Unlike the federal income tax new jersey s state income tax does not provide couples filing jointly with expanded income tax brackets. In new jersey taxation is governed by ten marginal tax brackets for which the marginal rates include 1 40 1 75 2 45 3 50 5 53 6 37 8 97 and 10 75.
Each of these marginal rates is only applicable to earnings within the corresponding tax bracket. Understanding new jersey tax bracket.
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