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This edition of the New Jersey State Tax News provides updates and information relevant to taxpayers, tax practitioners, and the general public regarding changes and developments in New Jersey tax
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How to fill out New Jersey State Tax News

01
Visit the New Jersey Division of Taxation website.
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Look for the 'Tax News' section or updates.
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Select the relevant news article or bulletin for your tax period.
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Follow any specific instructions or guidelines provided.
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Who needs New Jersey State Tax News?

01
New Jersey residents who file state taxes.
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Businesses operating in New Jersey.
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Tax professionals working with New Jersey clients.
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Individuals seeking updates on tax rates and regulations.
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Anyone interested in tax credits or changes to tax law in New Jersey.
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Other controversial items in Murphy's budget proposal include raising a tax on sports betting and online gaming to 25%. The tax is currently 13% for sports betting and 15% for online gaming. The state expects to collect $402.4 million in taxes from the move.
Who is eligible to receive a tax rebate? Married couples in New Jersey with income below $150,000 and at least one dependent child qualify for a rebate check.
Factors Affecting Delivery Times Processing StageEstimated Timeframe Application Submission Immediate Initial Review 1-3 weeks Final Processing 2-8 weeks Check Delivery 1-2 weeks after processing Feb 18, 2025
New Jersey residents may still be able to receive a stimulus check up to $1,400 from the Internal Revenue Service. Back in December, the IRS announced they'll be issuing automatic payments to eligible individuals who did not claim the Recovery Rebate Credit on their 2021 tax returns.
Who is eligible: Homeowners and tenants who paid property taxes on their principal residence in New Jersey either directly or through rent during the year.
This bill allows New Jersey seniors, 65 years of age and older, whose annual household income, for federal tax purposes, is under $50,000 to also qualify for an annual deferral of property tax payments.
About the Stay NJ Property Tax Credit Program Governor Phil Murphy signed P.L.2024, c. 88 into law on November 1, 2024.

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New Jersey State Tax News is an official publication that provides updates, announcements, and information regarding tax laws, regulations, and policies applicable in the state of New Jersey.
Individuals and businesses that have taxable income in New Jersey or need to report tax information related to state taxes are required to file the appropriate forms as indicated in the New Jersey State Tax News.
To fill out the New Jersey State Tax forms referenced in the Tax News, taxpayers should follow the instructions provided on the forms, which detail the information required and the steps for submission.
The purpose of New Jersey State Tax News is to keep taxpayers informed about changes in tax legislation, filing requirements, deadlines, and other relevant information that affects tax compliance in New Jersey.
The information reported in the New Jersey State Tax News includes updates on tax rates, changes in tax laws, instructions for filing, deadlines for submissions, and notices regarding audits or tax credits.
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