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Level 1
posted Feb 6, 2021 10:45:07 AM

What qualifies as non-wage income in NJ?

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1 Best answer
Expert Alumni
Feb 6, 2021 11:02:03 AM

Non-wage income is any income you get that is not from a job and not reported on a W-2 (or a Schedule C, if Self-employed). This definition applies to the IRS, NJ and any other state that has an income tax.

 

Non-wage income is not subject to employment taxes (Social Security and Medicare).

 

Examples of non-wage income would be disability income, retirement plan/pension income, social security, unemployment, paid family leave, child support, alimony, investment income, and interest from a bank account.

2 Replies
Expert Alumni
Feb 6, 2021 11:02:03 AM

Non-wage income is any income you get that is not from a job and not reported on a W-2 (or a Schedule C, if Self-employed). This definition applies to the IRS, NJ and any other state that has an income tax.

 

Non-wage income is not subject to employment taxes (Social Security and Medicare).

 

Examples of non-wage income would be disability income, retirement plan/pension income, social security, unemployment, paid family leave, child support, alimony, investment income, and interest from a bank account.

Level 1
Feb 6, 2021 11:14:04 AM

Thank you!