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New Jersey State Tax Refund
On Line 54 of my NJ State return it indicates TAX DUE of $7,619.
On line 55 is Income Tax WITHHELD from my 1099's of $29,393.
The result on Line 78 is a REFUND of $21,774!
ALL Tax Withheld on the 1099's is from the REQUIRED MINIMUM DISTRIBUTION during 2020.
Is this correct? NJ State does not tax distributions from 401K's and IRA's?
March 4, 2021
12:27 PM