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NJ Single 2024 10Kpwages 1depx 10age1 #254

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feenberg opened this issue Jan 30, 2025 · 0 comments
Open

NJ Single 2024 10Kpwages 1depx 10age1 #254

feenberg opened this issue Jan 30, 2025 · 0 comments

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@feenberg
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NJ Single 2024 10Kpwages 1depx 10age1

See

http://taxsim.nber.org/out2psl/nj8

PE shows refund of $1,254 while TA shows $1,357. This is an edge case. NJ has "No Tax Status" for a single return at less than $10,000 of AGI. I believe this may be omitted from PE.

https://www.taxact.com/support/1472/2024/new-jersey-no-tax-liability?hideLayout=False

This return has $9,999 of wages, so it should have no tax before credits. If I run TaxAct with $10,001 of wages, I get the emulator result. Both TA returns are at the URL above.

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