×
tax forms found in
Tax Form Code
Tax Form Name

New Jersey Free Printable 2023 NJ-2210 Underpayment of Estimated Tax by Individuals, Estates, or Trusts for 2024 New Jersey Underpayment of Estimated Tax by Individuals and Individuals

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2023-new-jersey-form-nj-2210.pdf, and you can print it directly from your computer.

Underpayment of Estimated Tax by Individuals and Individuals
2023 NJ-2210 Underpayment of Estimated Tax by Individuals, Estates, or Trusts

NJ-2210 2023 Underpayment of Estimated Tax by Individuals, Estates, or Trusts Fill in the oval at line 52, Form NJ-1040, and enclose this form with your return. Name(s) as shown on Form NJ-1040 Part I Social Security Number Figuring Your Underpayment No interest will be assessed on an underpayment of estimated tax resulting from the provisions of P.L. 2023, c.96, as long as you pay all additional estimated tax by April 15, 2024. 1. 2023 Tax (line 50, Form NJ-1040)............................................................................................ 1. 2. Enter the total of lines 55, 56, 58, 59, 60, 61, 62, 63, 64, and 65, Form NJ-1040.................. 2. 3. Subtract line 2 from line 1 (If less than $400, do not complete the rest of this form).............. 3. 4a. Multiply the amount on line 1 by .80 (80%) (Two-thirds for qualified farmers)......................... 4a. 4b. Enter 2022 tax (From Form NJ-1040, line 50)....................................................................... 4b. Payment Due Dates (A) April 18, 2023 5. Use the lesser amount from either line 4a or 4b and divide by four. Enter the result in each column......................................... 5. 6. Estimated tax paid and tax withheld per period (see instr.). If each column on line 6 is greater than the corresponding column on line 5, do not complete the rest of this form............. 6. 7. Enter the overpayment (line 13) from the previous column. (Complete lines 7 through 13 for one column before completing the next column.)................................................................. 7. 8. Add line 6 and line 7.................................................................. 8. 9. Enter the total underpayment (add line 11 and line 12) from the previous column.................................................................. 9. 10. Subtract line 9 from line 8. If zero or less, enter zero................ 10. 11. Remaining underpayment from previous period. If line 10 is zero, subtract line 8 from line 9. Otherwise enter zero.............. 11. 12. Underpayment (If line 5 is greater than line 10, subtract line 10 from line 5)........................................................................... 12. 13. Overpayment (If line 10 is greater than line 5, subtract line 5 from line 10).............................................................................. 13. Part II (B) June 15, 2023 (C) Sept 15, 2023 (D) Jan 16, 2024 Exceptions (See instructions. Complete worksheets for exceptions 2, 3, and 4 and enclose calculations for each exception claimed.) If you meet exception 1 at line 15, do not file this form. These amounts will be verified by the Division of Taxation. 14. Total amount paid and withheld from January 1 through payment due date shown. (Do not include withholdings after December 31, 2023.) (See instructions).................................... 14. 15. Exception 1 – Enter 2022 tax (line 50)...... 15. $ 16. Exception 2 – Tax on 2022 gross income using 2023 exemptions and tax rates.......................................................... 16. 17. Exception 3 – Tax on annualized 2023 income......................... 17. 18. Exception 4 – Tax on 2023 income over 3, 5, and 8-month periods...................................................................................... April 18, 2023 June 15, 2023 Sept 15, 2023 Jan 16, 2024 25% of 2022 Tax 50% of 2022 Tax 75% of 2022 Tax 100% of 2022 Tax 25% of Tax 50% of Tax 75% of Tax 100% of Tax 20% of Tax 40% of Tax 60% of Tax 90% of Tax 90% of Tax 90% of Tax 18. If the amount of any exception is equal to or less than the corresponding amount at line 14, interest will not be charged for that period 19. Total Interest (Include this amount on line 52, Form NJ-1040)............................................... $ NJ-2210 Exception II 2023 Worksheets Tax on 2022 gross income using 2023 exemptions and tax rates 1. Enter 2022 NJ Gross Income (line 29, 2022 NJ-1040)..................................................................... 1. 2. Enter 2023 Total Exemptions (line 30, 2023 NJ-1040)...................................................................... 2. 3. Subtract line 2 from line 1.................................................................................................................. 3. 4. Calculate Tax on line 3 (2023 tax rates)............................................................................................ 4. 5. Enter Credit for Income Taxes Paid to Other Jurisdictions (line 44, 2023 NJ-1040)......................... 5. 6. Subtract line 5 from line 4. Enter the applicable percentage of this amount on line 16, Part II of this form.............................................................................................................................. 6. Exception III Tax on 2023 Annualized Income (attach calculations) Estates and trusts, do not use the period ending dates shown, instead use the following ending dates: 2/28/23, 4/30/23, and 7/31/23. Also, estates and trusts cannot use the annualization amounts shown on line 2 and must use 6, 3, and 1.7143, respectively. 1. Enter the portion of NJ Gross Income (line 29, NJ-1040) that is applicable to each period shown..................................................................................... 1. 2. Annualization amounts................................................................................... 2. 3. Annualized Income (Multiply line 1 by line 2)................................................. 3. 4. Enter Total Exemptions (line 30, NJ-1040)..................................................... 4. 5. Subtract line 4 from line 3............................................................................... 5. 6. Calculate tax on line 5.................................................................................... 6. 7. Enter the portion of the Credit for Income Taxes Paid to Other Jurisdictions (line 44, NJ-1040) that is applicable to each period....................................... 7. 8. Subtract line 7 from line 6. Enter the applicable percentage of this amount on line 17, Part II of this form......................................................................... 8. Exception IV 1/1/23 – 3/31/23 1/1/23 – 5/31/23 1/1/23 – 8/31/23 4 2.4 1.5 Tax on Actual 2023 Taxable Income over 3, 5, and 8-month periods (attach calculations) 1/1/23 – 3/31/23 1. Enter the actual amount of NJ Taxable Income (line 42, NJ-1040) that is applicable to each period shown..................................................................... 1. 2. Calculate tax on line 1..................................................................................... 2. 3. Enter the portion of the Credit for Income Taxes Paid to Other Jurisdictions (line 44, NJ-1040) that is applicable to each period shown............................. 3. 4. Subtract line 3 from line 2. Enter 90% of this amount on line 18, Part II of this form........................................................................................................... 4. 1/1/23 – 5/31/23 1/1/23 – 8/31/23 New Jersey Gross Income Tax Instructions for Form NJ-2210 Underpayment of Estimated Tax by Individuals, Estates, or Trusts 2023 Use Form NJ-2210 to determine if you are subject to interest on the underpayment of estimated tax. Estates and trusts are subject to interest on underpayment of estimated tax and may need to complete Form NJ-2210, except estates and trusts that meet the two-year limitation and other criteria of federal Internal Revenue Code section 6654(1)(2). Complete Part I, Figuring your Underpayment, to determine if you have not paid enough estimated tax during any of the payment periods. If you have not, complete Part II, Exceptions, to determine if an exception applies to any of the payment periods. If no exception applies, use the worksheet on the next page to calculate the interest for that period. In General You may owe interest if you did not make estimated payments, including withholdings (see line 6), equal to at least 80% of your 2023 tax liability (line 50, Form NJ-1040) or 100% of your 2022 tax liability, provided your 2022 New Jersey Income Tax return covered a full 12-month period. If an underpayment does exist for any column in Part I, you should complete Part II, Exceptions, and the appropriate worksheet on page 2, NJ-2210 to determine if any of the exceptions on Part II may apply. You must complete the appropriate worksheet for exceptions 2, 3, and 4 and attach all calculations for each of the exceptions claimed. Note: No interest will be assessed on an underpayment of estimated tax resulting from the provisions of P.L. 2023, c.96, provided all additional estimated tax is paid by April 15, 2024. Specific Instructions Part I Line 3 – If line 3 is $400 or more, complete lines 4 through 13. equal to or more than the tax calculated under any of the four exceptions for the same payment period. Line 14 – Based on the amounts indicated on line 6, Part I, enter the total amount of all estimated tax payments and taxes withheld by each of the due dates indicated on Part II. Exceptions 1, 2, 3, and 4 – You must complete the appropriate worksheet for exemptions 2, 3, and 4 and attach all calculations for each of the exceptions claimed. If you meet exception 1 at line 15 do not file this form. These amounts will be automatically verified by the Division of Taxation. Exception 1 – Enter your prior year tax liability in the space provided at line 15. Exception 1 only applies if your prior year tax return covered a full 12-month period and your current tax year payments (line 14) are at least equal to your prior year tax liability. Your prior year tax liability is zero if a return was not required to be filed. Enter the applicable percentage of your prior year tax liability in each column at line 15, as indicated. Line 6 – For the purpose of determining your underpayment of estimated tax, tax withheld includes the amount of New Jersey Tax Withheld (line 55, Form NJ-1040), Property Tax Credit (line 56, Form NJ-1040), New Jersey Earned Income Tax Credit (line 58, Form NJ-1040), Excess NJ UI/WF/SWF Withheld (line 59, Form NJ-1040), Excess NJ Disability Insurance Withheld (line 60, NJ-1040), Excess NJ Family Leave Insurance Withheld (line 61, NJ-1040), Wounded Warrior Caregivers Credit (line 62, NJ-1040), Pass-Through Business Alternative Income Tax Credit (line 63, NJ-1040), Child and Dependent Care Credit (line 64, NJ-1040), and New Jersey Child Tax Credit (line 65, NJ-1040). The total amount of tax withheld is considered to have been paid evenly (one-fourth of total amount) on each payment due date, unless you can show otherwise. Include this amount with the amount of any estimated tax payments on each of the columns on Part I. The total amount of credit, if any, from your prior year tax return should be included in the amount of your payment in column B. If each column on line 6 is greater than the corresponding column on line 5, do not complete the rest of this form. Exception 2 – Exception 2 is calculated by subtracting the total amount of your current tax year exemptions from your prior year gross income. Tax is calculated using the current year tax rates. Subtract your Credit for Income Taxes Paid to Other Jurisdictions, if any. Enter the applicable percentage of line 6 of the worksheet in each column at line 16, as indicated. Exception 2 only applies if your current year tax payments (line 14) are at least equal to the amounts indicated at line 16. Line 7 – Complete lines 7 through 13 for one column before completing the next column. Exception 4 – Exception 4 is calculated using the tax on the actual amount of NJ Taxable Income that is applicable to each period shown. Subtract your Credit for Income Taxes Paid to Other Jurisdictions, if any. Enter 90% of each amount from line 4 of the worksheet in the corresponding column at line 18. Exception 4 only applies if your current year tax payments (line 14) are at least equal to the amounts indicated at line 18. Line 12 – If line 12 is zero for all payment periods, you are not subject to the interest and therefore do not have to file Form NJ-2210. If you have an underpayment in any column on line 12, complete Part II. Part II You will not have to pay interest if (1) you have paid your 2023 tax payments (line 14) on time; and (2) the amount on line 14 is Exception 3 – Exception 3 is calculated by multiplying the actual portion of NJ Gross Income that is applicable to each period shown, by the annualization amounts at line 2 of the worksheet. Subtract the total amount of exemptions from your Annualized Income on line 3. Calculate tax on this amount. Subtract your Credit for Income Taxes Paid to Other Jurisdictions, if any. Enter the applicable percentage of each amount from line 8 of the worksheet in the corresponding column at line 17 as indicated. Exception 3 only applies if your current year tax payments (line 14) are at least equal to the amounts indicated at line 17. Calculating the Interest Use the table in Option 1 to calculate interest on the amount of the underpayment from page 1, NJ-2210. If your estimated tax payments for Tax Year 2023 were not paid timely, interest must be calculated based on the Interest Rate Schedule in Option 2. OPTION 1 Q U A R T E R PERIOD A B C Amount Due Balance Due Previous Qtr. (Col. A + B) (Line 5, NJ-2210) (Col. E) Total Due D E F Total Paid Balance (Col. C – D) Multiplier (Line 6, NJ-2210) 1. 4/15 – 6/15 .017 2. 6/16 – 9/15 .028 3. 9/16 – 1/15 .038 4. 1/16 – 4/15 .029 G Interest (Col. E x F) Total Interest Column A Enter the amount due per quarter (line 5, NJ-2210). Column B Enter the balance due (column E) from the previous quarter. Column C Enter the total of column A plus column B. If column B is negative, subtract column B from column A. Column D Enter the total estimated tax paid and withheld (line 6, NJ-2210). Column E Subtract column D from column C. Column F The multiplier is based on the interest rates in effect during each quarter. Column G Multiply column E by the multiplier in column F. If column E is negative, enter zero in column G. TOTAL INTEREST Add the interest for each quarter and enter this amount in the block marked Total Interest on line 19, NJ-2210 and on line 52, NJ-1040. OPTION 2 Calculate the interest on the amount of the underpayment on line 12 from the date the underpayment was incurred to the date the underpayment was satisfied or the original due date of the final tax return (Form NJ-1040), whichever is earlier. Interest is assessed at the annual rate of 3% above the average predominant prime rate and is imposed each month or fraction thereof the underpayment exists. The interest rate will be reviewed quarterly and will only change if there has been a cumulative change of more than 1% since it was last set. INTEREST RATE SCHEDULE PERIOD INTEREST RATE 4/16/23 – 6/15/23 6/16/23 – 1/15/24 1/16/24 – 4/15/24 10.00% 11.25% 11.50%
Extracted from PDF file 2023-new-jersey-form-nj-2210.pdf, last modified November 2023

More about the New Jersey Form NJ-2210 Individual Income Tax Estimated TY 2023

If you failed to pay or underpaid your estimated taxes for the past tax year, you must file form NJ-2210 to calculate any interest or penalties due with your income tax return.

We last updated the Underpayment of Estimated Tax by Individuals and Individuals in January 2024, so this is the latest version of Form NJ-2210, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form NJ-2210 directly from TaxFormFinder. You can print other New Jersey tax forms here.

Other New Jersey Individual Income Tax Forms:

TaxFormFinder has an additional 95 New Jersey income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form NJ-1040-ES Estimated Tax Voucher
Individual Tax Instructions Form NJ-1040 Instructions
Form NJ-1040 Individual Income Tax Return
Estimated Tax Instructions Form NJ-1040-ES Instructions
Form NJ-630 Application for Extension of Time to File NJ GIT Return

Download all NJ tax forms View all 96 New Jersey Income Tax Forms


Form Sources:

New Jersey usually releases forms for the current tax year between January and April. We last updated New Jersey Form NJ-2210 from the Division of Revenue in January 2024.

Show Sources >

Form NJ-2210 is a New Jersey Individual Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of New Jersey Form NJ-2210

We have a total of thirteen past-year versions of Form NJ-2210 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form NJ-2210

2023 NJ-2210 Underpayment of Estimated Tax by Individuals, Estates, or Trusts

2022 Form NJ-2210

2022 Underpayment of Estimated Tax by Individuals, Estates, or Trusts, Form NJ-2210

2021 Form NJ-2210

2021 Underpayment of Estimated Tax by Individuals, Estates, or Trusts, Form NJ-2210

2020 Form NJ-2210

2020 Underpayment of Estimated Tax by Individuals, Estates, or Trusts, Form NJ-2210

2019 Form NJ-2210

2019 Underpayment of Estimated Tax by Individuals, Estates, or Trusts, Form NJ-2210

2018 Form NJ-2210

NJ Form -2210 - Underpayment of Estimated Tax by Individuals and Instructions

2017 Form NJ-2210

NJ Form -2210 - Underpayment of Estimated Tax by Individuals and Instructions

2016 Form NJ-2210

NJ Form -2210 - Underpayment of Estimated Tax by Individuals and Instructions

NJ Form -2210 - Underpayment of Estimated Tax by Individuals and Instructions 2015 Form NJ-2210

NJ Form -2210 - Underpayment of Estimated Tax by Individuals and Instructions

Underpayment of Estimated Tax By Individuals, Estates or Trusts 2014 Form NJ-2210

Form NJ-2210

Underpayment of Estimated Tax By Individuals, Estates or Trusts 2013 Form NJ-2210

Form NJ-2210

2012 Form NJ-2210

NJ-2210 (2012) - 052112.qxp

Form NJ-2210 2011 Form NJ-2210

Underpayment of Estimated Tax by Individuals, Estates or Trusts


TaxFormFinder Disclaimer:

While we do our best to keep our list of New Jersey Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/index.php/newjersey/form-nj-2210