Complete New Jersey retirement tax guide: income tax rates, capital gains treatment, Social Security and pension taxation, property taxes, and sales tax. Overall retiree-friendliness rank: #50 of 51.
7 bracket(s)
Treated as ordinary income
Lowest
State 6.625% + local avg 6.6%
New Jersey has the highest property taxes in the nation and high income tax rates. Social Security is exempt below certain income thresholds, but pensions and retirement accounts are taxed.
Not taxed
Taxable
None
| Rate | From | To |
|---|---|---|
| 1.4% | $0 | $20,000 |
| 1.75% | $20,000 | $35,000 |
| 3.5% | $35,000 | $40,000 |
| 5.525% | $40,000 | $75,000 |
| 6.37% | $75,000 | $500,000 |
| 8.97% | $500,000 | $1,000,000 |
| 10.75% | $1,000,000 | No limit |
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