ThomasM125
Expert Alumni

Get your taxes done using TurboTax

The $1,503 figure represents your New Jersey income tax, not the New Jersey tax you had withheld from your pay (box 17 on your W-2 form). When you complete your tax return, your tax is based on your income and deductions, whereas the tax withheld from your pay is simply an estimate based on your income. Your tax withheld is netted with your tax to determine your refund or tax due.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"