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Level 2
posted Mar 21, 2025 7:20:36 AM

What is my federal and New Jersey state tax liability on a $200000 interest payment in 2025?

0 2 1077
2 Replies
Expert Alumni
Mar 21, 2025 8:33:11 AM

Your federal liability is based on your total income. 2025 Tax Brackets and Federal Income Tax Rates.

NJ also has tax brackets based on your income, See New Jersey State Income Tax in 2025: A Guide

 

References:

Tax Calculator - Tax Refund & Return Estimator 2024-2025

Tax Withholding Estimator - About You

Level 2
Mar 24, 2025 4:25:53 AM

Thaks So Much for your help