Are Defined Benefit contributions NJ tax deferred

[ash49]

I have a Sole Proprietorship consulting business.  I have a defined benefits contribution plan to which I contributed in 2021.

Are Contributions to Defined Benefit contributions plan (an IRS Qualified Retirement plan) tax deferred (Not taxed now but at the time of withdrawal) for NJ taxes?

[MaryK4]

It depends- if it is a 401k, the contributions are tax deferred and do not have to added as income in the tax year  of the contribution.  New Jersey does not allow a deduction for contributions to IRAs and 403(b) plans, even if they are deductible for federal income tax purposes.  

[ash49]

Thanks.

[ash49]

I am a self employed person (Sole Proprietorship).  I fund for my retirement via a Defined Benefit Cash Balance Plan (a type of Keogh Plan), above and beyond a 401k plan. It is neither an IRA or a 403(b) plan. It is Tax deferred for federal Income tax. Is it tax deferred for NJ tax purposes?

Thanks.