Selecting the right tax preparation service is crucial to ensuring accuracy, compliance, and peace of mind. GTA Accounting Group offers personalised and reliable individual tax preparation services in NJ tailored to your unique financial situation.
Our team possesses in-depth knowledge of New Jersey's tax laws and regulations. This local expertise allows us to navigate the state's tax landscape effectively, ensuring that your tax filings are accurate and compliant.
Beyond basic tax filing, we provide a full suite of personal tax services in New Jersey, including:
We understand that each client's financial situation is unique. Our approach involves:
Our team comprises experienced and certified tax professionals who provide top-notch tax filing assistance in New Jersey. We stay updated with the latest tax laws to offer you the most current and effective tax solutions.
We take pride in building long-term relationships with our clients. Our commitment to excellence has earned us a reputation for reliability and trustworthiness in the New Jersey community.
Ready to experience stress-free tax preparation? Contact GTA Accounting Group today to schedule your consultation and learn how our expert services can benefit you.
Staying informed about the latest tax changes is crucial for accurate and timely filing. Here are the key updates for New Jersey residents in 2025:
As of March 6, 2025, New Jersey has expanded the Property Tax Reimbursement (PTR) program. Individuals with disabilities under age 65 who receive federal Railroad Retirement Disability payments and meet all other eligibility requirements can now apply for the PTR program.
New Jersey has introduced "Direct File NJ," which allows qualified residents to file their taxes online directly with the government at no cost. This initiative aims to simplify and make the tax filing process more accessible.
The state is undergoing a multi-phased modernisation of its tax-filing system. Phase 1 involves temporary shutdowns of tax filing and payment systems during upgrades. These enhancements are designed to improve efficiency and user experience.
New Jersey now requires the electronic submission of Forms W-2, W-2G, 1099s, and Forms 1094 and 1095. This mandate is part of the state's efforts to streamline tax processing and reduce errors.
The StayNJ program offers significant property tax reductions for seniors. Eligible seniors can receive up to a 50% reduction in property taxes, capped at $6,500. This initiative is part of New Jersey's efforts to relieve its ageing population financially.
These updates ensure compliance and can help you take advantage of new benefits.
We provide individual tax preparation services for a wide range of clients across New Jersey, including:
No matter your situation, we tailor our services to your needs — ensuring accuracy, compliance, and peace of mind.
When you work with GTA Accounting Group, you get more than just tax filing—you get a comprehensive, personalized service designed to make your life easier.
When filing your taxes in New Jersey, it's essential to understand how the state's income tax system works. New Jersey employs a progressive income tax structure, meaning the tax rate increases as your income rises. This system ensures that higher-income individuals contribute a larger percentage of their tax earnings.
For the 2025 tax year, New Jersey's income tax rates are structured as follows:
Single Filers:
Married Filing Jointly:
These rates apply incrementally, so portions of your income are taxed at different rates as they fall into each bracket.
New Jersey offers a standard deduction to reduce your taxable income:
This deduction is subtracted from your gross income, potentially lowering the amount of tax you owe.
You're required to file a New Jersey income tax return if your gross income exceeds:
Understanding these thresholds is crucial to determining your filing obligations.
Understanding the deductions and credits available to you can significantly impact your tax return. Here's a breakdown of key deductions and credits for New Jersey residents:
New Jersey offers a credit for residents with taxable income of $80,000 or less and dependents aged five or younger. The credit amount varies based on income and the number of qualifying dependents.
If you qualify for the federal EITC, you're also eligible for the New Jersey EITC, which is 40% of your federal credit. This credit is refundable, meaning it can increase your refund or reduce the tax you owe.
Homeowners and tenants who paid property taxes on their principal residence in New Jersey may qualify for a deduction or credit:
Taxpayers aged 62 or older with a total income of $150,000 or less may exclude some or all of their retirement income, such as pensions and annuities, from taxable income.
Honorably discharged veterans are entitled to a $6,000 exemption, which reduces their taxable income. These deductions and credits can significantly affect your tax liability.
Our team at GTA Accounting Group is here to provide personalized tax filing assistance in NJ, ensuring you take full advantage of the benefits available.
Hearing from those who have experienced our services firsthand can provide valuable insight into what you can expect when working with GTA Accounting Group. Here are some testimonials from our satisfied clients:
"GTA Accounting Group made managing my finances effortless. They not only helped with my tax filings but also provided strategic advice that saved me thousands. I highly recommend their services to anyone in New Jersey!"
Business Owner
"We were in a tight spot with the IRS, but GTA Accounting Group handled everything professionally and professionally. They fixed the mistakes made by our previous accountant and got us back on track. Their CPA firm is truly top-notch."
Tech Startup Founder
"As a new business owner without experience, James has been invaluable to my business's progress. From the start, he has guided me and my accounts excellently, and I have relied on his expertise and guidance throughout. He has guided me and my accounts excellently, and I have relied on his expertise and guidance. His professional attitude has given me confidence in his role in my business. Thank you, GTA Accounting."
Owner - Earth to Oven Ltd.
Filing your taxes can be a complex and time-consuming task, especially with the ever-changing tax laws and regulations in New Jersey. Professional tax preparation services can provide numerous advantages beyond just filling out forms.
Tax professionals stay updated with the latest federal and state tax laws, ensuring your tax return complies with all current regulations. Their knowledge helps identify deductions and credits you may qualify for, potentially reducing your tax liability.
Professionals can uncover deductions and credits you might overlook, such as education, homeownership, or medical expenses. This thorough approach ensures you're not leaving money on the table.
Preparing your taxes can be time-consuming and stressful. By entrusting this task to a professional, you free up your time and gain peace of mind knowing that your taxes are handled accurately.
Errors on your tax return can lead to audits, penalties, or delayed refunds. Tax professionals are trained to catch and correct mistakes, ensuring your return is error-free.
If you have multiple income streams and investments or have experienced significant life changes like marriage or retirement, a tax professional can help you navigate these complexities effectively.
In the event of an audit, having a tax professional who prepared your return can be invaluable. They can provide guidance and representation, helping to resolve issues efficiently.
Many tax professionals offer services beyond the tax season, providing advice on tax planning and financial decisions throughout the year.
Professional tax preparation services ensure accuracy, compliance, and potentially greater financial benefits. Our team at GTA Accounting Group is here to provide you with reliable and personalized tax assistance tailored to New Jersey's tax landscape.
Filing your taxes accurately is crucial to avoid delays, penalties, or audits. Here are some common mistakes New Jersey residents should watch out for:
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Navigating the complexities of New Jersey's tax system can be challenging, but you don't have to do it alone. At GTA Accounting Group, we offer personalized and reliable individual tax preparation services in NJ to ensure your tax filing is accurate and stress-free.
Please note that office hours may vary by location. We recommend contacting us directly to confirm the hours for your nearest office.
Let GTA Accounting Group handle the paperwork so you can focus on what matters most.
Call Us Now or Book Your Free Consultation Today
Navigating New Jersey's tax system can raise a lot of questions. Here are some common inquiries from residents and precise answers to help you understand your tax responsibilities.
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GTA Accounting Group
401 Park Ave S 10th Floor, New York, NY 10016, United States
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