Deductions & credits

Yes, this is why new Jerseyans with retirement / pension above 150 k report it as “other income”at federal and State levels too because are taxed at both levels anyway .

Those new jerseans with retirements/ pensions below 150 k report it as “retirement / pension” at State level on Line 20a) of NJ 1040 Tax Return Form to get the exclusion allowed by law.