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Tax Summary
- New Jersey has six tax brackets for individual state income tax ranging from 1.4% to 6.37% based on annual income.
- The personal exemption for an individual is $1,000; for a married couple it is $2,000. There is a $1,500 deduction for each minor child.
- The state sales tax in New Jersey is 6%.
- Items exempt from state sales tax include clothing, food for preparation at home, medicine, and paper products for the home.
- New Jersey residents who qualify for the Federal Earned Income Tax Credit may also receive a New Jersey tax credit.
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