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Is gap protection taxable in Nj?

Updated: 9/20/2023
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Q: Is gap protection taxable in Nj?
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Is executor fee in NJ taxable?

Yes, the executor fee in the state of NJ is taxable. However, it is only 5% taxable and up to $200,000 dollars.


Where is my income taxable if the company is in ny but I work partly in NJ?

The general rule is that you income is taxable in BOTH the state where you work and the state where you live. Some states have reciprocal agreements, but NY and NJ do not. But NY has its dreaded telecommuter tax. If your employer requires you to work in NJ, the income you earned in NJ would not be taxable in NY (unless you live in NY). If your employer gave you the option of where to work, for example if they let you telecommute from your home in NJ, NY still considers the income to be taxable by NY. NJ would consider any income earned while working in NJ to be taxable in NJ and all income earned by a NJ resident, no matter where, to be taxable in NJ. Yes, it is possible for the same income to be taxable in two different states. If you live in NY or NJ, the state where you live will give you some credit for the taxes paid to another state to offset some of the double taxation. But if you live in a third state, you could be really screwed if you have income taxable by both NY and NJ, since your state would not let the credit they give you exceed the amount charged by that state.


Is there sales tax on a mattress in NJ?

Yes. All furniture is taxable in NJ. Mattresses are not exempted.


How much is clothing tax?

Where clothing is taxable (for example it is in NY but not in NJ) it is taxed at the same rate as everything else.


Is stipend taxable?

If the stipend was for books or education, it is not taxable. Other stipends may be taxable depending on their purpose.

Related questions

Is executor fee in NJ taxable?

Yes, the executor fee in the state of NJ is taxable. However, it is only 5% taxable and up to $200,000 dollars.


Where is my income taxable if the company is in ny but I work partly in NJ?

The general rule is that you income is taxable in BOTH the state where you work and the state where you live. Some states have reciprocal agreements, but NY and NJ do not. But NY has its dreaded telecommuter tax. If your employer requires you to work in NJ, the income you earned in NJ would not be taxable in NY (unless you live in NY). If your employer gave you the option of where to work, for example if they let you telecommute from your home in NJ, NY still considers the income to be taxable by NY. NJ would consider any income earned while working in NJ to be taxable in NJ and all income earned by a NJ resident, no matter where, to be taxable in NJ. Yes, it is possible for the same income to be taxable in two different states. If you live in NY or NJ, the state where you live will give you some credit for the taxes paid to another state to offset some of the double taxation. But if you live in a third state, you could be really screwed if you have income taxable by both NY and NJ, since your state would not let the credit they give you exceed the amount charged by that state.


Is there sales tax on a mattress in NJ?

Yes. All furniture is taxable in NJ. Mattresses are not exempted.


Is coffee taxable in NJ?

If food is taxed in your area, yes.


What Is the sales tax on vitamins in NJ?

Vitamins and other supplements are not taxable in the state of New Jersey


What beach is closer to the Delaware water gap?

Seaside nj


Need to find protection class code?

What is protection class code for Sparta, NJ


How much is cloth?

Where clothing is taxable (for example it is in NY but not in NJ) it is taxed at the same rate as everything else.


How do you close or bridge Life insurance protection gap?

By buying adequate insurance protection.


What type of protection does California GAP protection offer?

GAP stands for Guaranteed Auto Protection. It is best to have if you are financing your purchase. It will protect you from losses incurred when insurance payments will not cover the remainder left on your loan.


How much is clothing tax?

Where clothing is taxable (for example it is in NY but not in NJ) it is taxed at the same rate as everything else.


Are shoes free tax in New jersey?

Clothing and shoes are tax free in NJ. Costumes and the like like Halloween are taxable. goggle clothing and tax in nj to see the full state documentation