New Jersey Business Tax Calculator
Calculate corporate income tax, franchise tax, and gross receipts tax for businesses operating in New Jersey.
Why calculating business in New Jersey is different
New Jersey has a progressive income tax system.
State Income Tax
1.4% - 10.75%
Base Sales Tax
6.625%
State Min Wage
$15.13 / hr
Abbreviation
NJ
New Jersey Business Interactive Tool
This calculator uses the latest 2026 data for New Jersey, including the minimum wage of $15.13 and the specific state income tax rates (1.4% - 10.75%).
Frequently Asked Questions about New Jersey Business
What is the corporate tax rate in New Jersey?
Corporate tax structures vary. In addition to potential corporate income taxes, businesses in New Jersey must also consider unemployment insurance taxes, sales tax collection (6.625%), and local business licenses.
Do LLCs pay tax in New Jersey?
LLCs are typically pass-through entities, meaning profits pass through to the owners' personal tax returns and are taxed at the personal 1.4% - 10.75% rate. However, New Jersey may also impose an annual LLC franchise fee.