IS there anyone with knowledge of New Jersey taxation?

[johnlack88]

THe New Jersey State documentation is pretty clear that there is a $150,000 limit on gross income associated with the retirement income exclusion, yet Turbo Tax wants to give one. Is there something going on here that I am not aware of, or is the software flawed?

[KeshaH]

If you'd like, we can look at your return and see exactly what you see to  help come to a resolution. The return will be scrubbed and won't include any of your personal details.

If you're using TurboTax Online:

Once you're logged in to your account,

- on the left hand panel, click on Tax Tools and then choose Tools

- on the pop up window, select Share my file with Agent

- you'll see a message saying you'll give us a copy of your tax return. Your personal information will be changed so we can't see any private information.

- click okay and you'll get another message with a token

If you're using TurboTax Desktop:

• Click on Online in the top menu of TurboTax Desktop for Windows
• Select 'Send Tax File to Agent'
• Write down or send an image of your token number and state then place in this issue.
• We can then review your exact scenario for a solution

Please reply to this message with your token so that we can further assist you. Let us know all the states, if any, that are included on the return.

[fanfare]

See the NJ-1040 instructions pg 20 for the income range eligible for pension exclusion.

@johnlack88