Married/Civil Union Couple - Filing Jointly or Head of Household or Surviving Spouse/Surviving Civil Union Partner (Rate Table B) The Amount of New Jersey Tax Withholding Should Be: Single or Married/Civil Union Couple - Filing Separately (Rate Table A) Apply the taxable income computed in step 3 to the following table(s) to determine the annual New Jersey tax withholding:.Determine the exemption allowance by applying the following guideline and subtract this amount from the gross annual wages to compute the taxable income:Įxemption Allowance = $1,000 x Number of Exemptions.Multiply the adjusted gross biweekly wages by the number of pay dates in the tax year to obtain the gross annual wages.Note: Do not subtract the biweekly Federal Thrift Savings Plan (TSP) contribution from the gross biweekly wages. Subtract the nontaxable biweekly non-Federal 401(k) contribution from the gross biweekly wages to obtain the adjusted gross biweekly wages.Withholding Formula (Effective Pay Period 23, 2020) If less than 10, precede with a zero (0). Second and Third Positions - Enter the total number of exemptions claimed in Item 4 of the NJ-W4. Surviving Spouse/Surviving Civil Union Partner If Item 3 of the NJ-W4 Is Blank and If the Status on Line 2 Is: Employees who have not previously submitted a NJ W-4 and have not submitted a new 2020 Federal Form W-4 will default to the prior to 2020 Federal Form W-4 submission.įirst Position - Determine the Total Number of Allowances Claimed as follows: State or Federal Exemptions (see the Additional Information section)Įmployees who have not previously submitted a NJ W-4 and have submitted a new 2020 Federal Form W-4 will default to Single and zero (S00). NJ W-4 or W-4 (see the Additional Information section) No action on the part of the employee or the personnel office is necessary. The tax rate on wages over $1,000,000 and up to $5,000,000 for the State of New Jersey has changed from 9.9 percent to 21.3 percent for all tax tables. TAXES 20-30, New Jersey State Tax Income Withholding If you are looking for the most up-to-date information, please visit the current Publications pages under the HR Client Services page. The content and references contained within the archives may no longer apply. As a result, hyperlinks may no longer function and may reference other archived material. This area has been archived for research purposes and is no longer actively maintained. You have reached NFC’s publication archives
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |