From November 15, 2018, through January 15, 2019, New Jersey is offering taxpayers the opportunity to clear their tax debts. For taxpayers who choose to file and pay the taxes owed, the state will waive most penalties and reduce interest.
Taxpayers will only pay the amount of tax owed and one-half of the balance of interest due (as of November 1, 2018), without any penalties, Referral Cost Recovery Fees, or cost of collection fees. Taxpayers also avoid a 5% amnesty penalty that the state will impose on all eligible tax balances remaining after the amnesty period ends. The amnesty penalty cannot be waived or abated.
For a full list of details regarding NJ Tax Amnesty click here.
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