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FOR DIVISION USE ONLY STATE OF NEW JERSEY - DIVISION OF TAXATION GROSS INCOME TAX FILE NO LATER THAN RECONCILIATION OF TAX WITHHELD FOR TAXABLE YEAR FEBRUARY 28 Use For Taxable Years 1998 and After - / Identification Number INDICATE NUMBER OF EMPLOYEES. NAME TOTAL GROSS WAGES PENSION AND ANNUITY INCOME AND GAMBLING WINNINGS. TRADE NAME IF APPLICABLE TOTAL AMOUNT WITHHELD. ADDRESS CITY STATE ZIP CODE NJ-W-3M Mail NJ-W-3M and W-2 s to State of New .
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Applicable FAQ
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By placing a “0” on line 5, you are indicating that you want the most amount of tax taken out of your pay each pay period. If you wish to claim 1 for yourself instead, then less tax is taken out of your pay each pay period.
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The withholding tax rates for 2021 reflect graduated rates from 1.5% to 11.8%. The 11.8% tax rate applies to individuals with taxable income over $1,000,000. The wage base is computed separately for employers and employees....2021 New Jersey Payroll Tax Rates. Employee deduction0.28%0.16%Employer deductionNoneNone21 more rows • Dec 15, 2020
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New Jersey Income Tax withheld from employees' wages or from other payments must be remitted electronically to the State on a weekly, monthly/quarterly, or annual basis.
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Withholding Formula (Effective Pay Period 05, 2021) If the Amount of Taxable Income Is:The Amount of New Jersey Tax Withholding Should Be:Over $0 but not over $20,0001.5%Over $20,000 but not over $40,000$300.00 plus 2.7% of excess over $20,000Over $40,000 but not over $50,000$840.00 plus 3.4% of excess over $40,0005 more rows • Mar 9, 2021
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NJ Taxation Employers must file a Gross Income Tax Reconciliation of Tax Withheld (Form NJ-W-3) each year to report the total monthly tax remitted, wages paid and withholdings. Registered employers must file Form NJ-W-3 even if no wages were paid and no tax was withheld during the year.
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The federal withholding tax has seven rates for 2021: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The federal withholding tax rate an employee owes depends on their income level and filing status. This all depends on whether you're filing as single, married jointly or married separately, or head of household.
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Use the Tax Withholding Estimator on IRS.gov. The Tax Withholding Estimator works for most employees by helping them determine whether they need to give their employer a new Form W-4. They can use their results from the estimator to help fill out the form and adjust their income tax withholding.
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Your New Jersey employer is responsible for withholding FICA taxes and federal income taxes from your paychecks....Income Tax Brackets. Single FilersNew Jersey Taxable IncomeRate$35,000 - $40,0003.500%$40,000 - $75,0005.525%$75,000 - $500,0002 more rows
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