New Jersey 2024 State Income Tax Brackets
State income tax rates, brackets, and effective tax calculator
New Jersey 2024 Income Tax Brackets
Single Filers
| Rate | Income Over | Up To |
|---|---|---|
| 1.40% | $0 | $20,000 |
| 1.75% | $20,000 | $35,000 |
| 3.50% | $35,000 | $40,000 |
| 5.53% | $40,000 | $75,000 |
| 6.37% | $75,000 | $500,000 |
| 8.97% | $500,000 | $1,000,000 |
| 10.75% | $1,000,000 | No limit |
Standard deduction: $0 + $1,000 personal exemption
Married Filing Jointly
| Rate | Income Over | Up To |
|---|---|---|
| 1.40% | $0 | $20,000 |
| 1.75% | $20,000 | $50,000 |
| 2.45% | $50,000 | $70,000 |
| 3.50% | $70,000 | $80,000 |
| 5.53% | $80,000 | $150,000 |
| 6.37% | $150,000 | $500,000 |
| 8.97% | $500,000 | $1,000,000 |
| 10.75% | $1,000,000 | No limit |
Standard deduction: $0 + $1,000 personal exemption
Note: Highest property taxes in US. No standard deduction. Inheritance tax but no estate tax. Large retirement income exclusions.
2024 Federal vs. New Jersey State Tax Rates
Federal top marginal rate
37%
New Jersey top marginal rate
10.75%
When combined with federal taxes, New Jersey residents in the highest bracket face a combined marginal rate of approximately 47.8% on their last dollar of income.
Effective New Jersey Tax Rates by Income
Your effective rate is the actual percentage of income paid in state taxes — always lower than the top marginal rate because lower brackets apply to lower portions of income.
| Income | Single — Tax Owed | Single — Effective Rate |
|---|---|---|
| $30,000 | $437.5 | 1.46% |
| $50,000 | $1,214.75 | 2.43% |
| $75,000 | $2,596 | 3.46% |
| $100,000 | $4,180.05 | 4.18% |
| $150,000 | $7,365.05 | 4.91% |
| $200,000 | $10,550.05 | 5.28% |
| $300,000 | $16,920.05 | 5.64% |
| $500,000 | $29,660.05 | 5.93% |
Estimates based on standard deduction. Does not include local income taxes, credits, or deductions beyond standard.
Key Tax Facts: New Jersey in 2024
Sales Tax Rate
6.63%
State rate (local taxes may add more)
Property Tax Rate
2.47%
Effective average rate on home value
Income Tax
Yes
Progressive brackets
Retirement Income
Exempt / Favorable
Most retirement income not taxed
Social Security
Not taxed
Social Security exempt from state tax
Estate / Inheritance Tax
Yes
State-level estate or inheritance tax applies
Other Tax Years
Federal Brackets by Filing Status (2024)
Other States — 2024 Tax Brackets
Frequently Asked Questions — New Jersey State Taxes
Does New Jersey have a state income tax?
Yes. New Jersey levies a state individual income tax in 2024. The rates and brackets shown above apply to residents filing as single or married filing jointly. Highest property taxes in US. No standard deduction. Inheritance tax but no estate tax. Large retirement income exclusions.
How do New Jersey tax brackets work?
Like federal taxes, New Jersey uses a marginal (progressive) tax system. Only the income within each bracket is taxed at that rate — not all your income. For example, if New Jersey has a 5% top rate, you pay 5% only on income above the top bracket threshold, not on your entire salary.
What is the difference between marginal and effective tax rate in New Jersey?
Your marginal tax rate is the rate on your highest dollar of income. Your effective tax rate is your total state tax bill divided by your gross income — always lower than your marginal rate. For example, a worker at the top bracket in New Jersey may have a marginal rate of 10.8% but an effective rate several points lower due to income in lower brackets.
When were New Jersey's tax brackets last updated?
The brackets shown here reflect 2024 rates as enacted by New Jerseylegislation and published by the state Department of Revenue. CalcFi updates state tax data annually following each state's legislative session. Data sourced from official state tax agency publications and the Tax Foundation. Last updated: March 2025.