New Jersey Tax Extension: The Full Guide

Need more time to file your taxes? 

An extension will give you that, so you can get everything in order without penalties.

Remember that the deadline may be extended, but to avoid penalties and fees, any taxes owed must be paid by the April 15th deadline. 

Knowing your eligibility and the process will save you time and money. 

So, how do you get an extension in New Jersey? 

Read on!

New Jersey Tax Extension Requirements

What is an Extension?

An extension gives you more time to file your state tax return without penalties. But an extension to file doesn’t provide an extension to pay. You must pay at least 80% of your taxes by the original deadline to avoid penalties and interest.

New Jersey Tax Extension Quick Facts:

New Jersey Extension Deadlines and What’s Included

When is the Deadline to File a Tax Extension for New Jersey?

The deadline to file a tax extension for New Jersey is April 15th, the same as the original deadline for your state tax return. 

Do I Need to File a New Jersey Tax Extension If I Already Filed a Federal Tax Extension?

1. 1. 1. You must file this NJ-630 application if: You are applying for an extension of time to file a New Jersey Income Tax return, but you are not applying for a federal extension; or 
      2. You are applying for federal and New Jersey extensions. You must remit payment to the New Jersey Division of Taxation by the original due date of the return to have at least 80% of your actual tax liability (as calculated on your New Jersey Income Tax return when filed) paid. 

You do not need to submit this NJ-630 application if: 

1. 1. 1. You have paid at least 80% of your final tax liability by the original due date; and 
      2. You have applied for an automatic extension of time to file for federal purposes, and you enclose a copy of the federal Application for Automatic Extension (if filed by paper) with the final New Jersey return when filed.

If I File a Tax Extension For New Jersey, What’s My New Deadline?

Your new deadline will be 6 months, from April 15th to October 15th. For fiduciary returns, it will be 5½ months from the original deadline.

How to Get an Extension in New Jersey

How Do I File a New Jersey Tax Extension?

Here’s how:

• File Form NJ-630:

• Calculate Your Payment:

• • Mail-In Filing: Mail the completed form and payment to the address on the form 
  • • State of New Jersey
    • Division of Taxation
    • Revenue Processing Center PO Box 282
    • Trenton, NJ 08646-0282

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FAQs

Do I have to pay my New Jersey taxes when I file a tax extension?

Yes, you need to pay at least 80% of your taxes by the original deadline to avoid penalties and interest. The extension is only for the filing deadline, not the payment deadline.

Who can file for a tax extension in New Jersey?

Anyone can file for a tax extension if they meet the requirements, including paying at least 80% of their taxes by the original deadline.

What are the late filing penalties in New Jersey?

5% per month (or part of a month) up to 25% of the balance due, $100 per month the return is late.

What are the late payment penalties in New Jersey?

5% of the balance due, plus interest at 3% above the prime rate, compounded annually.

Should I file a tax extension for New Jersey?

File a tax extension if you need more time to get your documents and file accurately. Make sure you pay at least 80% of your taxes to avoid penalties.

Anything else?

Follow all the rules and deadlines to avoid penalties. If you’ve filed a federal extension (Form- 4868) and met the payment requirements, you may not need to file a New Jersey extension form.

New Jersey Anticipated General Fund Highlights for Fiscal Year 2023-2024

Anticipates General Fund Revenue Sources

The data and chart illustrate the major tax sources contributing to New Jersey's general fund for the fiscal year 2023-2024. Sales tax is the largest revenue generator, accounting for 42.3% of the total revenue, with $13,360,932,000. Following this, the corporation business tax and the business alternative income tax contribute 16.8% ($5,313,574,000) and 13.1% ($4,146,591,000), respectively. Petroleum product's gross receipts and the insurance premium tax, though smaller, still play significant roles at 2.8% ($899,366,000) and 1.9% ($595,904,000).

Miscellaneous taxes, fees, and revenues collectively account for 14.7% ($4,641,924,000), reflecting the diversity of New Jersey's revenue sources. The "Other" category, including smaller revenue streams, adds another 5.2% ($1,636,643,000). Smaller contributors, such as the motor fuels tax and transfer inheritance tax, also add valuable funds to the overall revenue. 

This breakdown highlights the critical importance of the sales and corporation business taxes while also showing the cumulative impact of various smaller taxes and fees on the state’s financial health.

Anticipated General Fund by Major Department Sources

The data from the chart illustrates the anticipated general fund revenues by major departments for New Jersey in the fiscal year 2023-2024. The Treasury Department leads with $1,793,746,000, followed closely by the "Other" category with $1,610,829. Significant contributions also come from the Human Services ($477,105,000) and Health ($317,813,000) departments. 

Other notable revenues include Banking and Insurance ($155,134,000), Transportation ($109,695), Environmental Protection ($105,323,000), and Law and Safety ($72,279,000). Additional smaller contributions come from various other departments, with a combined total of $4,641,924,000. 

This distribution highlights the state's critical revenue sources, emphasizing the substantial roles of the Treasury and miscellaneous categories.

Bottom line

Filing a tax extension in New Jersey gives you more time to file. But remember, the extension doesn’t apply to the payment deadline. Make sure you pay at least 80% of your taxes by the original deadline to avoid penalties and interest.