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Do you have to file NJ income tax return if you have no income?
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∙ 12y ago
The answer is no!
Wiki User
∙ 12y ago
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You lived in NJ for 3 month do you need to file taxes?
Yes part year resident income tax return very possible that you would need to file a NJ tax return..
What part of your paycheck will you get back if you work in New York and stay in NJ...do i get all of New York work state taxback on tax filing..... what is the tax difference between ny and NJ for f?
The paycheck that you received was your net take home pay. Nothing has has been withheld from your paycheck. From your gross wages or earnings all taxes and other items were withheld before your paycheck was issued to you. You will have to file your resident state income tax return an file a nonresident state income tax return correctly to see if you will get any of the withheld taxes back as a refund are maybe as a tax credit on your resident tax return.
If a non resident must pay tax on the gross amount of a sale of a house in NJ then is it necessary to file NJ income tax to obtain any refund even though the seller lives in another state?
Sale of property located in New Jersey is subject to New Jersey income tax whether the seller is a resident of NJ or not. Non-residents use Form NJ-1040NR to file their New Jersey tax returns. http://www.state.nj.us/treasury/taxation/prntgit.shtml#git If you have a NJ tax liability, you will probably be able to claim a credit on your home state's income tax. There is usually a special form or schedule to claim the credit.
How much income do you have to have in order to have to file state income tax in NJ?
If you are: single, married filing separately, estates, or trusts, and you make more than $10,000 in a single year then you must file.If you are: married filing jointly, head of household, or surviving spouse, and you make more than $20,000 in a single year then you must file.
Do you have to file state taxes every year?
Obviously, each state is different in rules and some don't even have an income tax, but generally: Like the Federal, there is an amount of earnings, under which, you would not have to pay anything. That amount is probably both different and calculated different that for the Feds. If they have a tax you must/should file for it, every year - (certainly none have an every other year or whenever you feel like it tax or such). Some reasons: The statute of limitations on assessment is generally fairly short...that is the time period the State has to look and say you didn't pay enough and ask for more...HOWEVER the time it has --starts-- with the filing of the return. Don't file and you are forever liable! Many States (and even the Feds) have benefits that come to you by filing a return, even - or especially - if your income is below where you have to pay a tax. (For example, in NJ has a property tax rebate as part of it's return, other States have credits like the Federal earned income credit, and more). If your earnings were as an employee, or you had any amounts withheld (like the state may do on unemployment payments, etc.), then the only way to get credit and get those $ back is to file a return and claim them. All studies have shown and it's always been amazing, how many people think they are getting away with something by not filing a return, when had they done so they actually had hundreds, if not thousands, of dollars coming back to them!
You lived in NJ for 3 month do you need to file taxes?
Yes part year resident income tax return very possible that you would need to file a NJ tax return..
What part of your paycheck will you get back if you work in New York and stay in NJ...do i get all of New York work state taxback on tax filing..... what is the tax difference between ny and NJ for f?
The paycheck that you received was your net take home pay. Nothing has has been withheld from your paycheck. From your gross wages or earnings all taxes and other items were withheld before your paycheck was issued to you. You will have to file your resident state income tax return an file a nonresident state income tax return correctly to see if you will get any of the withheld taxes back as a refund are maybe as a tax credit on your resident tax return.
If a non resident must pay tax on the gross amount of a sale of a house in NJ then is it necessary to file NJ income tax to obtain any refund even though the seller lives in another state?
Sale of property located in New Jersey is subject to New Jersey income tax whether the seller is a resident of NJ or not. Non-residents use Form NJ-1040NR to file their New Jersey tax returns. http://www.state.nj.us/treasury/taxation/prntgit.shtml#git If you have a NJ tax liability, you will probably be able to claim a credit on your home state's income tax. There is usually a special form or schedule to claim the credit.
What taxes are paid for a withdrawal on an UTMA account in NJ?
The taxable amount of the distribution will be subject to the marginal tax rate of the owner of the UTMA account in NJ when the 1040 federal income tax return is completed correctly.
Do you have to file form 1096 with state of New Jersey?
Yes, you file a photocopy of the signed 1096 and copy C of the 1099s to the State of NJ. Address: St of NJ Div of Taxation, Revenue Processing Ctr, Gross Income Tax, PO Box 248, Trenton, NJ 08646-0248. This is the EMPLOYER'S responsibility.
What kind of tax deductions can you use in a small business in New Jersey?
NJ businesses can use the same deductions allowed for the federal government, with a few exceptions. Depreciation may have to be computed differently, and state income taxes are not deductible. It is important to remember that NJ minimum corporate tax is now based on gross sales, so even if a corporation has a loss there may still be up to $2K owed. For sole proprietorships and flow-through entities, NJ does not allow losses to be claimed in the NJ personal income tax return.
How much income do you have to have in order to have to file state income tax in NJ?
If you are: single, married filing separately, estates, or trusts, and you make more than $10,000 in a single year then you must file.If you are: married filing jointly, head of household, or surviving spouse, and you make more than $20,000 in a single year then you must file.
Are private disability claim checks taxable in NJ?
It depends on how you paid the premiums. If you paid with after tax dollars, your benefit is completely tax free. If you used pre-tax dollars you would owe Federal Income taxes, but not NJ Income taxes - NJ does not recognize pre-taxing. If your employer paid a portion of your private insurance premium, you would owe both Federal and State taxes.
You received an inheritence when your mom died in November 2009 She resided in NJ and you reside in PA Do you have to pay taxes on that money?
That will depend on the value of the estate. The executor will have to file a tax return with the IRS and the state of New Jersey for the estate.
What is the current tax in NJ?
The current tax in NJ is 7%
Is marital separation in NJ considered legal?
NJ does not formally recognize separation. For tax purposes, NJ does not recognize separation as a qualification to file as Single like the IRS does on a federal tax return. To file single, you must be unmarried which is defined in NJ Bulletin GIT-4. http://www.state.nj.us/treasury/taxation/pdf/pubs/tgi-ee/git4.pdfYou are considered unmarried or not a partner in a civil union on the last day of the tax year only if you:• Were never married/in a civil union;• Have been divorced or your civil union has been dissolved through a court decree or judgment of divorce/dissolution; or• Are no longer eligible to file as a qualifying widow(er)/surviving CU partner and have not remarried or entered into a new civil union.
Do you have to file state taxes every year?
Obviously, each state is different in rules and some don't even have an income tax, but generally: Like the Federal, there is an amount of earnings, under which, you would not have to pay anything. That amount is probably both different and calculated different that for the Feds. If they have a tax you must/should file for it, every year - (certainly none have an every other year or whenever you feel like it tax or such). Some reasons: The statute of limitations on assessment is generally fairly short...that is the time period the State has to look and say you didn't pay enough and ask for more...HOWEVER the time it has --starts-- with the filing of the return. Don't file and you are forever liable! Many States (and even the Feds) have benefits that come to you by filing a return, even - or especially - if your income is below where you have to pay a tax. (For example, in NJ has a property tax rebate as part of it's return, other States have credits like the Federal earned income credit, and more). If your earnings were as an employee, or you had any amounts withheld (like the state may do on unemployment payments, etc.), then the only way to get credit and get those $ back is to file a return and claim them. All studies have shown and it's always been amazing, how many people think they are getting away with something by not filing a return, when had they done so they actually had hundreds, if not thousands, of dollars coming back to them!
