NJ Taxes 401k, 414(h), Section 125

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  • anu31402
    Senior Member
    • Aug 2006
    • 101

    #1

    NJ Taxes 401k, 414(h), Section 125

    I am preparing a tax for a resident of New Jersey. I noticed NJ taxes his 401k and spouse's 414(h). Please, am I wrong or I'm missing a form to make necessary exclusions?
  • David1980
    Senior Member
    • Feb 2008
    • 1703

    #2


    See page 25. Has a pension exclusion on line 27 of the NJ-1040. Maximum of 20K on MFJ/civil union, 15k for single/HOH/QW, 10k for MFS or "CU" FS.

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