Division of Taxation³Ô¹ÏºÚÁÏ's Income Tax is "pay-as-you-go," where you are required to pay tax on your income as you receive it. If you are a wage earner, tax is usually withheld by your employer through your paycheck. However, if you do not have withholdings (or enough withholdings) taken out of a paycheck, you may have to make estimated payments.
If you estimate that you will owe more than $400 in ³Ô¹ÏºÚÁÏ Income Tax at the end of the year, after subtracting withholdings and other credits, you are required to make estimated payments.
You must make estimated tax payments to ³Ô¹ÏºÚÁÏ either or using Form NJ-1040-ES.
For more information, see Estimated Payments and Tax Topic Bulletin GIT-8 , Estimating Income Taxes.
You are NOT required to make estimated tax payments to ³Ô¹ÏºÚÁÏ.
Failure to make required estimated payments could result in additional interest when you file your ³Ô¹ÏºÚÁÏ Income Tax return.
It is important to understand that estimated payments go toward your end of the year tax debt. They are not a payment plan to pay off taxes you owe.
Estimated payments are divided into four equal payments. They are made quarterly, with specific payment due dates. If a due date falls on a weekend or legal holiday, that payment is due the following business day.
| Payment Period | Due Date |
|---|---|
| Quarter 1 | April 15 |
| Quarter 2 | June 15 |
| Quarter 3 | September 15 |
| Quarter 4 | January 15 (of the following year) |
Note: Farmers and fiscal year filers, see the instructions for Form NJ-1040-ES for information on due dates.
You can make an estimated payment or by mail. If you are mailing a payment you must file a Declaration of Estimated Tax Voucher (Form NJ-1040-ES ) along with your check or money order. Make your check or money order payable to State of ³Ô¹ÏºÚÁÏ â€“ TGI.
The Social Security number you enter first should be the same one you enter first on your ³Ô¹ÏºÚÁÏ Income Tax return.
If you are selling a property and moving out-of-State, you are now considered a non-resident for ³Ô¹ÏºÚÁÏ tax purposes. Non-residents may be required to make estimated tax payments with the sale or transfer of real property in ³Ô¹ÏºÚÁÏ.
You can avoid making estimated payments by asking your employer to withhold more tax from your wages. To do this, complete Form NJ-W4 and give it to your employer. If you have pension income, file Form NJ-W-4P with the payer of the pension to have tax withheld.
For more information, see Tax Topic Bulletin GIT-8 , Estimating Income Taxes.