Get NJ NJ-EFW2 2017

New Jersey Gross Income Tax The withholding tax rates for 2019 reflect graduated rates from 1.5% to 11.8%. The 11.8% tax rate applies to individuals with taxable income over $5,000,000.

Beginning January 1, 2019, the withholding rate on income over five million dollars is 11.8 percent.

The New Jersey (NJ) state sales tax rate is 6.625%.

The 2019 tax rates themselves are the same as the tax rates in effect for the 2018 tax year: 10%, 12%, 22%, 24%, 32%, 35% and 37%.

For earnings between $40,001 and $75,000, the tax rate on every dollar of income earned is 5.525%. For earnings between $75,001 and $500,000, the tax rate on every dollar of income earned is 6.37%. For earnings of $500,001 and over, the tax rate on every dollar of income earned is 8.97%.

For 2019, employees are subject to a 0.0425% (.000425) Workforce Development Partnership Fund tax rate. The employee Unemployment Insurance tax rate remains at 0.3825% (.003825) of taxable payroll.

On January 1, 2017, the tax rate decreased from 7% to 6.875%. On January 1, 2018, and after, the tax rate will decrease to 6.625%.

New Jersey requires employers to withhold state income and applicable local income taxes from employee paychecks in addition to employer paid state unemployment taxes. For New Jersey's tax rates, please click here.

New Jersey Gross Income Tax The withholding tax rates for 2019 reflect graduated rates from 1.5% to 11.8%. The 11.8% tax rate applies to individuals with taxable income over $5,000,000.

As a New Jersey employer, you are required to withhold New Jersey Income Tax from wages paid to all State residents unless you are withholding another jurisdiction's income tax at a rate equal to or greater than New Jersey's rate.

Payroll taxes are the state and federal taxes that you, as an employer, are required to withhold and/or to pay on behalf of your employees. You are required to withhold state and federal income taxes as well as social security and Medicare taxes from your employees' wages.

In the U.S. payroll withholding taxes are the taxes that an employer is required to deduct from its employees' gross wages, salaries, bonuses, and other compensation.

The Federal Insurance Contributions Act tax is a federal payroll tax imposed on both employees and employers to fund Social Security and Medicare federal programs that provide benefits for retirees, the disabled, and children of deceased workers.

Payroll taxes are federal, state and local taxes withheld from an employee's paycheck by the employer. These taxes consist of income taxes, unemployment taxes, and deductions for Social Security and Medicare taxes, the last of which are often referred to as "the payroll tax."

All employers are required to file the Employer's Quarterly Report, Form NJ-927 or NJ-927-W, for each quarter, regardless of the amount of tax due. Forms NJ-927 and NJ-927-W must be filed on or before the 30th day of the month following the end of the quarter.