USA State Taxes

NEW JERSEY (NJ)

 

STATE INCOME TAX (SIT)

Description Amount Effective Date Website Deposit Method / Frequency / Threshold Forms
Wage Withholding Tables

 

Department of Treasury - Tax Tables

 

Business Portal - Tax Center

After you have paid $1,000.00 in wages you must submit a NJ-REG Register Division of Revenue.

Employer Registration

Weekly EFT $10K > in any tax during prior tax year (1Q - 4Q)

Monthly EFT $500 or more in any calendar month

Quarterly report

 

NJ DOR On-Line Filing Service (Requires a PIN)

Withholding Forms

NJ Income Tax withholding Instructions Booklet.

Quarterly Reporting & Payment - NJ-927

Reconciliation of Tax Withheld - NJ-W3

 

Use Federal W4 or

NJ Withholding Allowance Certificate - NJ-W-4

for employees with more than one job or partners are both wage earners.
Supplemental Wage / Bonus Rate For taxable wages over $500,000 withhold at 9.9% and over $1,000,000 withhold at 11.8%  

 

Notes: All employers are required to file the Employer's Quarterly Report for each quarter, regardless of the amount of tax due.

NJ has reciprocal agreement with Pennsylvania but after Dec 31, 2016 new law passed to delete the agreement.

City taxes - Newark- Quarterly (Mail)

 

STATE UNEMPLOYMENT INSURANCE (SUI)

Description Amount Effective Date Website Deposit Method / Frequency / Threshold Forms
Maximum Taxable Earnings $42,300 Increased from $41,100 in 2023

Department of Labor & Workforce Development

 

Rate Tables

 

Employer Handbook

Quarterly - Online or SFTP

NJ 927 & W3 (See SIT)

UI Forms

Employee Deduction (UI Fund 0.3825% + Workforce Development / Supplemental Workforce 0.0425%)

 0.425% Unchanged from 2023
Maximum Employee Deduction $179.78 Increase from $174.68 in 2023
Employer FY Tax Rates (Includes Workforce Dev / Supplemental Workforce) 1.2 - 7.0% Changed from 2023

New Employment Rate - Standard FY

(UI-3.2828% + WF/SWF-0.1175%)

 3.4% Increase from 3.1% in 2023
Voluntary Contribution Permitted Yes  

 

 

STATE DISABILITY INSURANCE (SDI)

Description Amount Effective Date Website Deposit Method / Frequency / Threshold Forms

Maximum Taxable Earnings Employee

$161.400

Increased from $156,800 in 2023

 

 

 
Maximum Taxable Earnings Employer $42,300 Increased from $41,100 in 2023

See SUI website.

 SDI plan required by employers of one or more employees for at least thirty (30) days in a calendar year with minimum $1,000 annual payroll.  
Employee Deduction 0% Unchanged from 2023
Maximum Employee Deduction $0.00  
Tax Rates 0.1 – 0.75% Unchanged from 2023
New Employer Rate 0.50% Unchanged from 2023
Family Leave Insurance Employee Deduction

0.09%

Increase from 0.06% in 2023

 

 

 
Family Leave Insurance Maximum Employee Deduction

$145.26

Increase from $94.08 in 2023

 

 

 

 

 

NEW HIRE REPORTING

Website Frequency / Method Forms
New Hire

Same as federal requirements.

Register

 

 

 

LOCAL WITHHOLDING TAXES

Description Amount Website Deposit Method / Frequency / Threshold Forms

City of Newark Payroll Tax

(for services preformed in Newark)

 1% (0.01) Payroll Tax

Greater than $2,500 total quarterly taxable payroll.

Quarterly

Mail report and check to City of Newark - Payroll Tax

 Payroll Tax Forms

 

WEBSITES

 

 

Disclaimer: This information is for reference only. To ensure accurate set up, we highly recommend that the information is verified with the applicable federal and state/provincial agencies. TimeTrex makes no claims, guarantees, or promises about the accuracy, current status, or completeness of the information provided. In no event shall TimeTrex be liable for any errors or omissions with respect to any resource information.

 

Last updated Jan 2024