New Jersey Income Tax Brackets (Tax Year 2020)
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Tax Bracket | Tax Rate |
---|---|
$0.00+ | 1.4% |
$20,000.00+ | 1.75% |
$35,000.00+ | 3.5% |
$40,000.00+ | 5.53% |
$75,000.00+ | 6.37% |
$500,000.00+ | 8.97% |
$1,000,000.00+ | 10.75% |
Tax Bracket | Tax Rate |
---|---|
$0.00+ | 1.4% |
$20,000.00+ | 1.75% |
$50,000.00+ | 2.45% |
$70,000.00+ | 3.5% |
$80,000.00+ | 5.53% |
$150,000.00+ | 6.37% |
$500,000.00+ | 8.97% |
$1,000,000.00+ | 10.75% |
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File Now with TurboTaxThis page shows Tax-Brackets.org's archived New Jersey tax brackets for tax year 2020. This means that these brackets applied to all income earned in 2020, and the tax return that uses these tax rates was due in April 2021.
New Jersey's income tax rates were last changed one year prior to 2021 for tax year 2020, and the tax brackets were previously changed in 2019.
The latest available tax rates are for 2024, and the New Jersey income tax brackets have not been changed since 2021.
2021 New Jersey Tax Deduction Amounts
Tax-Brackets.org also maintains an archive of important New Jersey income tax exemption amounts, including the New Jersey Standard Deduction, the New Jersey Personal Exemption, and the New Jersey Dependent Deduction. The values of these deductions for tax year 2020 are as follows:
Standard Deduction (Single) | Standard Deduction (MFJ) | Personal Exemption | Dependant Exemption |
---|---|---|---|
$0.00 | $0.00 | $1,000.00 | $1,500.00 |
Sources & Citations
Disclaimer: While we do our best to keep our historical New Jersey income tax rates up to date and complete, we cannot be held liable for errors or omissions. Is info on this page missing or out-of-date? Please let us know so we can fix it!
Tax Data Sources:
- The New Jersey tax brackets on this page sourced from the New Jersey Department of Revenue for 2021. Please contact us if any of our New Jersey tax data is incorrect or out of date.