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Division of Taxation

Income Tax Changes for Tax Year 2023

Filing Information

    Filing Deadline. The filing deadline is Monday, April 15, 2024, for calendar-year taxpayers - matching the due date for the federal Form 1040.

    Fiscal-year filers must submit their returns by the 15th day of the fourth (4th) month following the close of the fiscal year. If a due date falls on a Saturday, Sunday, or legal holiday, that return is due on the following business day.

Deductions, Exclusions, and Credits

  • Credit for Excess UI/WF/SWF; DI; FLI Withheld
    • The maximum employee Unemployment Insurance/Workforce Development Partnership Fund/Supplemental Workforce Fund contribution was $174.68.
    • The maximum employee Disability Insurance contribution was $0.
    • The maximum employee Family Leave Insurance contribution was $94.08.

    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.

  • New Jersey Child Tax Credit. Residents with taxable income of $80,000 or less are eligible for a credit of up to $1,000 for each dependent who is age 5 or younger on the last day of the tax year. You are not eligible if your filing status is married filing separately.
  • Credit for Taxes Paid to Other Jurisdictions. The Philadelphia nonresident wage tax rate was 3.44% (.0344) for the entire 2023 tax year.

Health Insurance EZ Enroll. If you or anyone in your tax household does not have minimum essential health coverage, you must complete the new NJ-EZ Enroll form. If you would like Get Covered New Jersey to help you obtain coverage, use lines 53a-53b. By agreeing to get coverage, you do not have to make a shared responsibility payment on line 53c.

Convenience of the Employer Sourcing Rule. Under the convenience rule, a nonresident taxpayer’s employee compensation from a New Jersey employer for the performance of personal services is sourced to the employer’s location (New Jersey) if the employee is working from an out-of-state location (e.g. at home in their resident state) for their own convenience rather than for the necessity of their employer.

Last Updated: Tuesday, 12/05/23