What were the tax brackets in 2008?
Ordinary taxable income brackets for use in filing 2008 tax returns due April 15, 2009.
| Tax rate | Single filers | Married filing jointly or qualifying widow/widower |
|---|---|---|
| 10% | Up to $8,025 | Up to $16,050 |
| 15% | $8,026 – $32,250 | $16,051 – $65,100 |
| 25% | $32,551 – $78,850 | $65,101 – $131,450 |
| 28% | $78,851 – $164,550 | $131,451 – $200,300 |
What are the tax brackets in NJ?
New Jersey 2019 Income Bracket, Rate and Estimated Taxes Due
- Tax Rate:1.4% Income Range:$0 – $20,000.
- Tax Rate:1.75% Income Range:$20,000 – $35,000.
- Tax Rate:3.5% Income Range:$35,000 – $40,000.
- Taxes Due:5.525% Income Range:$40,000 – $75,000.
- Taxes Due:6.37% Income Range:$75,000 – $500,000.
- Taxes Due:8.97%
- Taxes Due:10.75%
How do you calculate NJ sales tax?
NJ Taxation As a seller, you have the option of calculating Sales Tax due using either the tax bracket (See Sales Tax Collection Schedule, Form ST-75) or by multiplying the taxable receipts by the applicable tax rate.
What is schedule NJ coj?
Credit for Income or Wage. Taxes Paid to Other Jurisdiction.
What was the standard deduction in 2008?
$10,900
Standard Deduction Amounts
| Year | Married filing jointly and surviving spouses | Single filers |
|---|---|---|
| 2008 | $10,900 | $5,450 |
| 2009 | $11,400 | $5,700 |
| 2010 | $11,400 | $5,700 |
| 2011 | $11,600 | $5,800 |
What is NJ tax rate 2020?
10.75%
NJ Taxation Effective January 1, 2020, the tax rate on that income bracket increases from 8.97% to 10.75%, regardless of filing status. Income over $5 million is already subject to this rate.
What items are not taxed in NJ?
Exempt items include most food sold as grocery items, most clothing and footwear, disposable paper products for household use, prescription drugs, and over-the-counter drugs.
Is Social Security taxable in NJ?
Social Security and Railroad Retirement benefits are not taxable under the New Jersey Income Tax and should not be reported as income on your State return.
Do I need to attach federal return to NJ return?
You must attach a copy of your Federal income tax return or a statement to that effect if you did not file a Federal return. NOTE: If you derived any income while a resident of New Jersey, it may also be necessary to file a New Jersey resident return.
When to use the correct New Jersey tax table?
When using the tax table, use the correct column. You must use the New Jersey Tax Rate Schedules if your New Jersey taxable income is $100,000 or more. Use the correct schedule for your filing status. A composite return is a group filing.
What are the income tax brackets in New Jersey?
New Jersey Married Filing Jointly Tax Brackets Income Tax Bracket Income Tax Bracket Income Tax Bracket Tax Rate 2020 $0 to $20,000 1.4% $20,001 to $50,000 1.75% $50,001 to $70,000 2.45% $70,001 to $80,000 3.5%
What is the highest tax rate in New Jersey?
Since a composite return is a combination of various individuals, various rates cannot be assessed. Therefore, the composite return, Form NJ-1080C, uses the highest tax bracket of 10.75%. (See N.J.A.C. 18:35-5.2.)
How much can I deduct on my tax return for 2008?
You and your spouse, if filing jointly, may each be able to deduct up to $5,000 ($6,000 if age 50 or older at the end of 2008). MAILING YOUR RETURN You may be mailing your return to a different address this year. For details on these and other changes, see pages 6 and 7. Cat. No. 24811V Page 2 of 95 of Instructions 1040 13:24 – 12-NOV-2008
