Instructions for Form NJ-1040-ES New Jersey Gross Income Tax - Declaration of Estimated Tax - New Jersey

This document contains official instructions for Form NJ-1040-ES , New Jersey Gross Income Tax - Declaration of Estimated Tax - a form released and collected by the New Jersey Department of the Treasury.

FAQ

Q: What is Form NJ-1040-ES?
A: Form NJ-1040-ES is the declaration of estimated tax for the New Jersey Gross Income Tax.

Q: What is the purpose of Form NJ-1040-ES?
A: The purpose of Form NJ-1040-ES is to declare and pay estimated taxes for the New Jersey Gross Income Tax.

Q: Who needs to file Form NJ-1040-ES?
A: Individuals who expect to owe $400 or more in New Jersey Gross Income Tax and do not have sufficient taxes withheld from their income need to file Form NJ-1040-ES.

Q: When do I need to file Form NJ-1040-ES?
A: Form NJ-1040-ES must be filed and paid by April 15th of the current tax year or by the 15th day of the fourth month following the close of the fiscal year.

Q: What happens if I don't file Form NJ-1040-ES?
A: If you are required to file Form NJ-1040-ES and fail to do so, you may be subject to penalties and interest on the underpayment of estimated tax.

Q: Can I make changes to my estimated tax payments?
A: Yes, if your circumstances change during the year, you can adjust your estimated tax payments by completing a new Form NJ-1040-ES and submitting it to the New Jersey Division of Taxation.