Increase in NJ Retirement Exclusions

New Jersey Retirement Income Exclusions

Maximum amounts of pension and/or other retirement income that you can exclude from your gross income are being increased over a four-year period, beginning with Tax Year 2017.

2018 chart

Note: Your total income for the entire year must be $100,000 or less to qualify for the retirement income exclusions.

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s