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New Jersey 2008 IRS Tax Stats



New Jersey Income Tax Overview

2010 Population for New Jersey 8,791,894
Total Number of Tax Returns for New Jersey [1] 3,982,139
Total Number of Joint Tax Returns for New Jersey 1,361,467
Total Number of Dependents for New Jersey 1,390,850
Total Adjusted Gross Income for New Jersey $200,465,392,016

The following tables break down the Income Tax Statistics into different Gross Income levels.


Adjusted Gross Income: Under $10,000 [1]

Number of tax returns [1] 718,373
Number of joint returns 54,761
Number of returns with paid preparer's signature 421,616
Number of exemptions 601,653
Number of dependents 88,616
Adjust gross income (AGI) [2] $2,638,274,425
Salaries and wages $2,920,494,625
Taxable interest $321,152,486
Ordinary dividends $222,813,416
Business or professional net income (less loss) $159,894,089
Net capital gain (less loss) $214,492
Taxable individual retirement arrangements distributions $104,079,616
Taxable pensions and annuities $268,399,470
Unemployment compensation [3] $128,029,552
Taxable Social Security benefits $873,044
Self-employment retirement plans $523,701
Total itemized deductions [4] $1,317,611,520
State and local income taxes $100,115,411
State and local general sales tax $9,503,232
Real estate taxes $342,702,413
Taxes paid $476,179,371
Mortgage interest paid $418,534,263
Contributions $16,090,101
Taxable income $240,568,810
Total tax credits [5] $736,599
Residential energy tax credit $9,202
Child tax credit $0
Child and dependent care credit $0
Earned income credit [6] $178,428,574
Excess earned income credit (refundable) [7] $151,322,391
Alternative minimum tax $6,849
Income tax [8] $24,905,868
Total tax liability [9] $99,541,595
Tax due at time of filing [10] $33,304,185
Overpayments refunded [11] ($486,081,723)

Adjusted Gross Income: $10,000 under $25,000

Number of tax returns [1] 786,799
Number of joint returns 120,157
Number of returns with paid preparer's signature 511,169
Number of exemptions 1,303,752
Number of dependents 268,199
Adjust gross income (AGI) [2] $13,495,852,383
Salaries and wages $9,926,464,869
Taxable interest $463,014,912
Ordinary dividends $250,336,482
Business or professional net income (less loss) $929,603,453
Net capital gain (less loss) ($15,502,913)
Taxable individual retirement arrangements distributions $331,568,817
Taxable pensions and annuities $1,239,573,123
Unemployment compensation [3] $583,610,365
Taxable Social Security benefits $84,638,907
Self-employment retirement plans $1,696,210
Total itemized deductions [4] $2,052,046,765
State and local income taxes $51,569,756
State and local general sales tax $33,292,697
Real estate taxes $557,735,827
Taxes paid $661,596,305
Mortgage interest paid $595,542,705
Contributions $106,879,303
Taxable income $3,813,347,578
Total tax credits [5] $79,584,513
Residential energy tax credit $3,539
Child tax credit $25,894,349
Child and dependent care credit $6,038,953
Earned income credit [6] $686,839,031
Excess earned income credit (refundable) [7] $601,106,541
Alternative minimum tax $91,949
Income tax [8] $333,471,929
Total tax liability [9] $493,990,889
Tax due at time of filing [10] $68,645,641
Overpayments refunded [11] ($1,539,174,359)

Adjusted Gross Income: $25,000 under $50,000

Number of tax returns [1] 908,944
Number of joint returns 207,662
Number of returns with paid preparer's signature 580,795
Number of exemptions 1,658,792
Number of dependents 317,464
Adjust gross income (AGI) [2] $33,244,411,241
Salaries and wages $27,108,637,443
Taxable interest $732,324,558
Ordinary dividends $444,503,513
Business or professional net income (less loss) $886,366,351
Net capital gain (less loss) ($2,511,668)
Taxable individual retirement arrangements distributions $605,714,300
Taxable pensions and annuities $2,298,094,388
Unemployment compensation [3] $675,940,892
Taxable Social Security benefits $908,372,879
Self-employment retirement plans $8,974,863
Total itemized deductions [4] $5,319,231,306
State and local income taxes $287,816,351
State and local general sales tax $65,071,139
Real estate taxes $1,309,058,865
Taxes paid $1,710,335,493
Mortgage interest paid $1,818,952,354
Contributions $397,398,408
Taxable income $18,078,741,794
Total tax credits [5] $358,258,814
Residential energy tax credit $258,338
Child tax credit $191,969,016
Child and dependent care credit $36,194,757
Earned income credit [6] $161,190,382
Excess earned income credit (refundable) [7] $130,346,593
Alternative minimum tax $130,523
Income tax [8] $1,952,633,139
Total tax liability [9] $2,141,823,631
Tax due at time of filing [10] $152,687,196
Overpayments refunded [11] ($1,967,969,534)

Adjusted Gross Income: $50,000 under $75,000

Number of tax returns [1] 575,487
Number of joint returns 235,319
Number of returns with paid preparer's signature 377,972
Number of exemptions 1,176,462
Number of dependents 210,432
Adjust gross income (AGI) [2] $35,422,007,325
Salaries and wages $27,909,120,355
Taxable interest $812,511,662
Ordinary dividends $557,972,911
Business or professional net income (less loss) $812,502,623
Net capital gain (less loss) $40,634,159
Taxable individual retirement arrangements distributions $746,375,265
Taxable pensions and annuities $2,724,118,629
Unemployment compensation [3] $384,534,864
Taxable Social Security benefits $1,594,483,285
Self-employment retirement plans $24,212,910
Total itemized deductions [4] $6,902,021,848
State and local income taxes $647,925,196
State and local general sales tax $56,174,327
Real estate taxes $1,716,199,212
Taxes paid $2,469,528,822
Mortgage interest paid $2,548,648,948
Contributions $565,361,503
Taxable income $22,520,431,097
Total tax credits [5] $293,361,311
Residential energy tax credit $480,140
Child tax credit $208,716,053
Child and dependent care credit $19,072,532
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $1,248,842
Income tax [8] $3,052,922,035
Total tax liability [9] $3,230,821,394
Tax due at time of filing [10] $198,193,313
Overpayments refunded [11] ($1,509,012,803)

Adjusted Gross Income: $75,000 under $100,000

Number of tax returns [1] 391,841
Number of joint returns 249,749
Number of returns with paid preparer's signature 261,358
Number of exemptions 954,231
Number of dependents 172,656
Adjust gross income (AGI) [2] $33,998,384,004
Salaries and wages $26,698,129,082
Taxable interest $747,745,035
Ordinary dividends $556,118,114
Business or professional net income (less loss) $787,716,038
Net capital gain (less loss) $82,376,026
Taxable individual retirement arrangements distributions $777,353,048
Taxable pensions and annuities $2,544,882,813
Unemployment compensation [3] $265,516,318
Taxable Social Security benefits $1,420,170,130
Self-employment retirement plans $25,802,640
Total itemized deductions [4] $7,115,473,971
State and local income taxes $910,770,994
State and local general sales tax $39,605,867
Real estate taxes $1,790,181,587
Taxes paid $2,784,648,978
Mortgage interest paid $2,707,874,126
Contributions $583,838,835
Taxable income $22,660,481,150
Total tax credits [5] $288,286,108
Residential energy tax credit $231,456
Child tax credit $195,751,748
Child and dependent care credit $17,150,338
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $6,814,848
Income tax [8] $3,229,835,747
Total tax liability [9] $3,401,646,743
Tax due at time of filing [10] $181,453,941
Overpayments refunded [11] ($1,286,668,240)

Adjusted Gross Income: $100,000 under $200,000

Number of tax returns [1] 600,695
Number of joint returns 493,819
Number of returns with paid preparer's signature 401,480
Number of exemptions 1,727,800
Number of dependents 333,483
Adjust gross income (AGI) [2] $81,666,462,638
Salaries and wages $66,559,635,968
Taxable interest $1,549,702,256
Ordinary dividends $1,392,485,291
Business or professional net income (less loss) $2,327,955,376
Net capital gain (less loss) $555,283,677
Taxable individual retirement arrangements distributions $1,625,063,447
Taxable pensions and annuities $4,428,427,884
Unemployment compensation [3] $346,273,735
Taxable Social Security benefits $1,820,455,270
Self-employment retirement plans $200,356,291
Total itemized deductions [4] $17,155,620,962
State and local income taxes $3,346,520,256
State and local general sales tax $35,874,892
Real estate taxes $4,260,133,087
Taxes paid $7,723,506,402
Mortgage interest paid $6,303,869,057
Contributions $1,408,977,694
Taxable income $58,016,333,352
Total tax credits [5] $284,693,690
Residential energy tax credit $436,470
Child tax credit $188,400,311
Child and dependent care credit $41,443,862
Earned income credit [6] $0
Excess earned income credit (refundable) [7] $0
Alternative minimum tax $135,204,187
Income tax [8] $10,299,941,979
Total tax liability [9] $10,736,876,016
Tax due at time of filing [10] $607,154,971
Overpayments refunded [11] ($2,277,742,875)

[1] Includes returns with adjusted gross deficit.

[2] Less deficit.

[3] Includes the Alaskan permanent fund, reported by residents of Alaska on Forms 1040A and 1040EZ's. This fund only applies to statistics in the U.S. totals, and the state of Alaska.

[4] "Itemized deductions" include any amounts reported by the taxpayer, even if they could not be used in computing "taxable income," the base on which the regular income tax was computed. Thus, total itemized deductions include amounts that did not have to be reported by taxpayers with no "adjusted gross income." (Adjusted gross income is the total from which these deductions would normally be subtracted.) In addition, if standard and itemized deductions were both reported on a tax return, the form of deduction actually used in computing income tax was the one used for the statistics. Therefore, if the standard deduction was the form of deduction used, the total reported for itemized deductions was excluded from the statistics. However, the component deductions were not similarly excluded. As a result, the number of returns and related amounts for the component deductions are slightly overstated in relation to the grand total shown for itemized deductions. These components are also overstated in relation to the total because there was a statutory limitation on the total of itemized deductions that could be claimed by certain high-income taxpayers. This limitation did not affect the component deductions, the sum of which therefore exceeded the total used in computing income tax.

[5] "Total tax credits" excludes the "earned income credit" which is shown separately.

[6] "Earned income credit" includes both the refundable and non-refundable portions. The non-refundable portion could reduce income tax and certain related taxes to zero. The earned income credit amounts in excess of total tax liability, or amounts when there was no tax liability at all, were refundable. See footnote 7 below for explanation of the refundable portion of the earned income credit.

[7] The refundable portion of the "earned income credit" equals "total income tax" minus the "earned income credit". If the result is negative, this amount is considered the refundable portion.

[8] "Income tax" is in general, the same as "income tax after credits" which was redefined in Tax Year 2000 to include the "alternative minimum tax (AMT)". Zip Code table "Income tax" differs from "total income tax" (in other tables) in that the Zip Code table "Income tax" is after the subtraction of all tax credits except the earned income credit. See footnote 6 and 7 above, for an explanation of the treatment of the earned income credit. "Income tax" reflects the amount reported on the tax return and is, therefore, before any examination or enforcement activities by the Internal Revenue Service. It represents the tax filer reported income tax liability that was payable to the U.S. Department of the Treasury.

[9] For the Zip Code tables, "Total tax liability" differs from "Income tax," in that "Total tax liability" includes the taxes from recapture of certain prior-year credits, tax applicable to individual retirement arrangements (IRA's), Social Security taxes on self-employment income and on certain tip income, advanced earned income payments, household employment taxes, and certain "other taxes" listed in the Form 1040 instructions.

[10] Reflects payments to or withholdings made to "Total tax liability" (footnote 9). The amount the tax filer owes when the income tax return is filed.

[11] The amount of overpayments the tax filer requested to have refunded.


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