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February 23, 2023
Question

NJ tax rate

  • February 23, 2023
  • 1 reply
  • 0 views

Two questions - 

1) the state taxes on my W2 are lower than federal. Usually, the federal are higher. What would cause this?

2) the NJ income tax (line 43 on NJ return) seems very low. Is it possible this is a mistake in Turbotax? It puts us at a tax rate about half of what it should be for our taxable income. I'm very confused.

    1 reply

    fanfare
    Employee
    February 24, 2023

    compare your W-2 to last year.

    if the state withholding is vastly different you have to talk to your employer's HR dept.

    @Smithsantina 

     

    if your withholding is low, and your tax is low, those are not contradictory observations.