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Why is my self employment taxable income after deductions on my federal return, different and less than the taxable amount shown on the screen for New Jersey taxes?

 
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KrisD
Intuit Alumni

Why is my self employment taxable income after deductions on my federal return, different and less than the taxable amount shown on the screen for New Jersey taxes?

New Jersey does not sunbract the Qualified Business Deduction form your business income.  

https://www.njleg.state.nj.us/2018/Bills/A4500/4202_I1.HTM

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1 Reply
KrisD
Intuit Alumni

Why is my self employment taxable income after deductions on my federal return, different and less than the taxable amount shown on the screen for New Jersey taxes?

New Jersey does not sunbract the Qualified Business Deduction form your business income.  

https://www.njleg.state.nj.us/2018/Bills/A4500/4202_I1.HTM

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