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March 21, 2025
Question

What is my federal and New Jersey state tax liability on a $200000 interest payment in 2025?

  • March 21, 2025
  • 1 reply
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1 reply

AmyC
March 21, 2025

Your federal liability is based on your total income. 2025 Tax Brackets and Federal Income Tax Rates.

NJ also has tax brackets based on your income, See New Jersey State Income Tax in 2025: A Guide

 

References:

Tax Calculator - Tax Refund & Return Estimator 2024-2025

Tax Withholding Estimator - About You

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March 24, 2025

Thaks So Much for your help