To submit this form, ensure it is fully completed with accurate calculations. You can send the form via email to the appropriate tax authority or submit it online if available. Always keep a copy of your submission for your records to reference if needed later.

For 2024, ensure to submit relevant tax withholding forms by April 15. For 2025, keep an eye on any updates to tax regulations that may affect payment deadlines.

The purpose of this form is to aid individuals and businesses in calculating the correct amount of income tax withholding from payroll. These tables reflect the applicable rates for various income levels to ensure compliance with New Jersey tax law. Accurate withholding is crucial for avoiding underpayment penalties and ensuring proper tax return filings.

• 1. Rate Tables: Includes rate tables for different payroll periods and allowances.
• 2. Income Ranges: Specifies income ranges to select the appropriate withholding rates.
• 3. Withholding Calculations: Guidelines for calculating the withholding amount based on taxable wages.

Failing to submit this form can result in incorrect withholding, leading to tax penalties and increased liabilities. It is crucial to ensure timely submission to avoid complications with your tax filings.

• Tax Penalties: Incorrect withholding can lead to substantial penalties during tax season.
• Increased Tax Liabilities: Improper amounts withheld may result in owing more taxes at year-end.
• Inaccurate Tax Returns: Failure to calculate accurately can complicate tax return processes.

• 1. Tax Season Preparations: Utilize this form ahead of the tax season to ensure proper withholdings.
• 2. Payroll Processing: Employers should refer to this form during payroll processing for accuracy.
• 3. Individual Tax Planning: Taxpayers can use this for personal tax planning and liability assessments.