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New Member
posted Jun 3, 2019 12:48:02 PM

I am a New Jersey resident working in Pennsylvania, do i have to pay new jersey state tax on my contrabutions to my 401k plan at work

I am a New Jersey resident working in Pennsylvania, do i have to include the amount of my 401 plan contributions to new jersey or do I have to pay state tax on my contrabutions to my 401k plan at work"

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1 Replies
New Member
Jun 3, 2019 12:48:03 PM

New Jersey does not tax those contributions when made but they do tax the distributions depending on when the contributions were made:

401(k) Plans

1. Contributions made on or after January 1, 1984, were not taxed when they were made

2. Contributions made before January 1, 1984, were taxed when they were made. 

NOTE:

Contributions: It is very important to keep any statements that show your contributions to your pension, annuity, or IRA. You will need this information when you start to withdraw money from the plan. You may have to pay more tax if you do not know the amount of your contributions on which New Jersey Income Tax has already been paid. If you do not have a record of your contributions, you must contact the payer of the pension or annuity to get that information.

If you need more help, ask your question in the comment below.