NJ Income Tax – Estimated Payments
means the amount that you estimate to be your Income Tax for the tax year after subtracting withholdings and other credits.
Who Must File?
Whether you are a resident or a nonresident, you are required to make estimated tax payments if you estimate that you will owe more than $400. Failure to make timely estimated payments will result in interest charges
on all underpayments.
If you received a preprinted Declaration of Estimated Tax Booklet that you are not going to use, you do not need to notify the Division of Taxation.
When are the Payments Due?
For calendar year filers, your first Tax Year 2020 installment must be submitted on or before April 15th, 2020. If you are paying your estimated tax in four equal installments, additional payments must be made on or before June 15, 2020, September 15, 2020, and January 15, 2021. Note:
Farmers and fiscal year filers, see the instructions for Form NJ-1040-ES
for information on due dates.
Tax Year 2019 installment payments were due April 15, 2019, June 17, 2019, September 16, 2019, and January 15, 2020.
How to File…
You can file your estimated tax online
if you are paying electronically. Otherwise, you must file a Declaration of Estimated Tax Voucher (Form NJ-1040-ES
with your payment. Make your check or money order payable to State of New Jersey – TGI.
Regardless of how you file, the Social Security number you enter first should be the same one you enter first on your New Jersey Income Tax return.
Did you Sell or Transfer Real Property in New Jersey?
Nonresidents may be required to make estimated tax payments in connection with the sale or transfer of real property
in New Jersey.
What if I Do Not Want to Make Estimated Payments?
You can avoid making estimated payments by asking your employer to withhold more tax from your wages. To do this, complete Form NJ-W4
and give it to your employer. If you have pension income, file Form NJ-W-4P
with the payer of the pension to have tax withheld. For more information, see Tax Topic Bulletin GIT-8
Estimating Income Taxes.
Are Estimated Tax Payments Used to Pay Off my Outstanding Tax Liabilities?
Estimated tax payments are not
payments for outstanding tax liabilities. If you cannot pay your taxes in full, or you are having difficulty reimbursing New Jersey for overpayment of Homestead Benefit or Senior Freeze benefits, visit our Payment Plan page for information on starting a payment plan