New Jersey Side Hustle Tax Calculator
Calculate taxes on side hustle income in New Jersey. See self-employment tax, federal & state taxes, and quarterly payment estimates for gig workers.
How This Calculator Works
Calculation methodology and assumptions
Side hustle tax calculation for New Jersey. Side income over $400 triggers self-employment tax (15.3% on 92.35% of net earnings), covering Social Security (12.4%) and Medicare (2.9%). Federal income tax applies at marginal rates based on combined W-2 + side income. New Jersey state tax applies at up to 10.75%. Deductible expenses reduce both income tax and SE tax bases.
Key State Information
New Jersey side hustle tax facts: State tax up to 10.75% | Cost of living index 115.2 | Median income $89,296.
Frequently Asked Questions
How much tax do I pay on side hustle income in New Jersey?
Side hustle income is subject to self-employment tax (15.3%) plus federal income tax at your marginal rate (typically 22-32% for most side hustlers). In New Jersey, add 10.75% state tax. Total effective rate is typically 30-45%.
Do I need to pay quarterly taxes on side hustle income in New Jersey?
If you expect to owe $1,000+ in taxes on your side income, the IRS requires quarterly estimated payments (due April 15, June 15, Sep 15, Jan 15). New Jersey also requires quarterly state estimated payments if you owe $500+.
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