Schedule NJ-COJ Credit for Income or Wage Taxes Paid to Other Jurisdiction - New Jersey

What Is Schedule NJ-COJ?

This is a legal form that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the NJ-COJ Credit?
A: The NJ-COJ Credit is a credit for income or wage taxes paid to another jurisdiction.

Q: Who is eligible for the NJ-COJ Credit?
A: Residents of New Jersey who have paid income or wage taxes to another jurisdiction are eligible for the NJ-COJ Credit.

Q: How does the NJ-COJ Credit work?
A: The NJ-COJ Credit allows residents of New Jersey to offset their state tax liability by the amount of income or wage taxes paid to another jurisdiction.

Q: What taxes can be credited under the NJ-COJ Credit?
A: The NJ-COJ Credit can be claimed for income or wage taxes paid to another US state, a foreign country, or a US possession or territory.

Q: How do I claim the NJ-COJ Credit?
A: To claim the NJ-COJ Credit, you must complete and attach Schedule NJ-COJ to your New Jersey income tax return.

Q: What information do I need to complete Schedule NJ-COJ?
A: You will need to provide information about the other jurisdiction where you paid income or wage taxes, as well as the amount of taxes paid.

Q: Is there a limit to the amount of the NJ-COJ Credit?
A: Yes, the NJ-COJ Credit is limited to the amount of income or wage taxes paid to the other jurisdiction.

Q: Can I carry forward unused NJ-COJ Credit?
A: No, any unused NJ-COJ Credit cannot be carried forward to future tax years.