NJ progressive tax brackets for both Single and Married Filing Joint (AS OF THE LATEST UPDATE):

1.4% - Income from $ 0.000.00 to $ 20,000.00 
1.75% - Income from $ 20,000.01 to $ 35,000.00 
3.5% - Income from $ 35,000.01 to $ 40,000.00
5.53% - Income from $ 40,000.01 to $ 75,000.00
6.37% - Income from $ 75,000.01 to $ 500,000.00
8.97% - Income from $ 500,000.01 to $ 1,000,000.00
10.75% - Income from $ 1,000,000.01 and above 

·       Tax rate between 3.5 – 5.53%

·       Personal exemption = $1000/filer and $$1500/ dependent

·       Reciprocity with PA

o   Allows credit for taxes paid to Philadelphia

·       Part of both RN & PT compacts

·       2026 Increasing their tax rates for certain “sin” taxes (cigarettes, vape, liquor, gambling taxes).

·       Motor fuel tax remains 10.5 cents/gallon ( petroleum products gross receipt tax will increase to 34.4 cents/ gallon.