The filing deadline is Wednesday, April 15, 2020, for calendar-year taxpayers matching the due date for the federal Form 1040.
For Tax Year 2019, you may be eligible to exclude a maximum amount of pension and/or other retirement income of $80,000. See Income Exclusions for more information.
|2016 and prior||$20,000||$10,000||$15,000|
|2020 and after||$100,000||$50,000||$75,000|
|*Chart reflects the scheduled increases in the Retirement Income Exclusion amount, occurring over a four-year period, beginning with Tax Year 2017.|
Two lines have been added to the NJ-1040 for the 2019 return:
A new schedule has been added for taxpayers to provide healthcare coverage information.
Beginning in 2019, New Jersey residents who are required to file a return (and members of their tax household) must have minimum essential health coverage for the entire year unless they qualify for an exemption. A tax household includes the taxpayer, their spouse (if filing a joint return), and any individuals they claim as dependents on their NJ-1040. It also includes any individuals they can, but don’t, claim as dependents on their return. If a taxpayer or anyone in their tax household did not have the required coverage and does not qualify for an exemption, they may owe a shared responsibility payment.
See NJ Health Insurance Mandate for more information.
Changes to Form NJ-1040-HW
A question has been added to Part II, line 10 to indicate the relationship to the qualifying service member.
Beginning with Tax Year 2019, the veteran exemption increased from $3,000 to $6,000. Qualifying taxpayers can submit the required documentation online and claim this exemption on line 9 of the NJ-1040 .
Federal law allows spouses of military personnel to choose the same legal residence as the service member for state and local tax purposes. The spouse does not have to live in the state or live with the service member spouse during the year. If the spouse lives in New Jersey but has chosen a different state as their legal residence, they are not subject to tax on wages earned in New Jersey. All other types of income are subject to tax. Wages earned in New Jersey by spouses who live outside New Jersey are also subject to tax. If a spouse had income other than wages or lived outside New Jersey, or if their wages were exempt but New Jersey tax was withheld in error, they should file a New Jersey Nonresident Income Tax Return (Form NJ-1040NR ).
The New Jersey EITC amount increases to 39% of the federal Earned Income Tax Credit for 2019.
For 2019, the maximum employee unemployment insurance/workforce development partnership fund/supplemental workforce fund contribution was $146.20. The maximum employee disability insurance contribution was $58.48. The maximum employee family leave insurance contribution was $27.52. If you had two or more employers, you may have contributed more than the maximum amount(s). To claim credit on the tax return for excess withholding, complete Form NJ-2450. More information on UI/DI/FLI is available.
The Philadelphia nonresident wage tax rate for 2019 was 3.4567% (.034567) from January 1 to June 30, and 3.4481% (.034481) from July 1 to December 31.
Senior Freeze (Property Tax Reimbursement)
The Senior Freeze Program reimburses eligible senior citizens or disabled persons for property tax increases. Eligible residents must file a 2019 Senior Freeze application (Form PTR-1 or PTR-2). Updated information for the program is posted as it becomes available.