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Hello I live in nj and I'm retired ,I was told that I will not have to pay state taxes my first 3 yrs ,but today I own state and federal taxes
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Hello I live in nj and I'm retired ,I was told that I will not have to pay state taxes my first 3 yrs ,but today I own state and federal taxes
That is not exactly true.
https://www.state.nj.us/treasury/taxation/njit6.shtml
See Three Year Rule method on p 5 here:
https://www.state.nj.us/treasury/taxation/pdf/pubs/tgi-ee/git1.pdf
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Hello I live in nj and I'm retired ,I was told that I will not have to pay state taxes my first 3 yrs ,but today I own state and federal taxes
That is not exactly true.
https://www.state.nj.us/treasury/taxation/njit6.shtml
See Three Year Rule method on p 5 here:
https://www.state.nj.us/treasury/taxation/pdf/pubs/tgi-ee/git1.pdf
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Hello I live in nj and I'm retired ,I was told that I will not have to pay state taxes my first 3 yrs ,but today I own state and federal taxes
So can I make payments on the money owed to state taxes as well, because I dont have it up front