New Jersey Tax Amnesty Waives All Penalties And Half The Interest On Income Taxes

New Jersey Tax Amnesty
New Jersey Tax Amnesty page image published by the NJ Department of the Treasury.

New Jersey Department of the Treasury recently announced the opening of their NJ Tax Amnesty program. If you have unreported, underreported, unpaid, individual or business taxes due to the State of New Jersey, you can apply for amnesty yourself or with the help of a tax preparer. Unreported means that you did not file New Jersey income tax forms for one or more years, for example.

The NJ Tax Amnesty program is a holiday gift from the State of New Jersey to those who live and work in the state. Almost everyone qualifies for income tax amnesty. However, you can be denied if you are under criminal investigation, or fail to complete all of the terms of the agreement.

New Jersey Tax Amnesty applies to the following tax types and more:

  • Individual Income Tax
  • Inheritance and Estate Taxes
  • Alcoholic Beverage Tax
  • Cigarette Tax
  • Corporation Business Tax
  • Sales and Use Tax

Examples of taxes and fees not forgiven under the New Jersey Tax Amnesty program include: federal income tax, other state income tax, local property taxes, payroll taxes, and any taxes imposed by the New Jersey Department of Labor.

Visit the official New Jersey Tax Amnesty website for instructions and the forms you will need to apply. All required New Jersey tax returns and tax amnesty payments must be received by 11:59 pm on January 15, 2019. This is a great opportunity to settle any unpaid New Jersey income tax.

Last updated: December 3, 2018

Filed Under: income tax