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chartier4
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Is this 2017 software updated with New Jersey's no tax on the first $40,000 of retirement income?

 
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Is this 2017 software updated with New Jersey's no tax on the first $40,000 of retirement income?

Yes. I live in NJ, and it worked correctly for me.

You qualify for the exclusion if:

  • You (and/or your spouse/civil union partner, if filing jointly) were 62 or older or disabled as defined by Social Security guidelines on the last day of the tax year (December 31 for calendar year filers); and
  • Your total income for the entire year was $100,000 or less

http://www.state.nj.us/treasury/taxation/njit7.shtml

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1 Reply

Is this 2017 software updated with New Jersey's no tax on the first $40,000 of retirement income?

Yes. I live in NJ, and it worked correctly for me.

You qualify for the exclusion if:

  • You (and/or your spouse/civil union partner, if filing jointly) were 62 or older or disabled as defined by Social Security guidelines on the last day of the tax year (December 31 for calendar year filers); and
  • Your total income for the entire year was $100,000 or less

http://www.state.nj.us/treasury/taxation/njit7.shtml

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