New Jersey § 54a:6-15

§ 54a:6-15.

a. (1) Gross income shall not include income: for taxable years beginning before January 1, 2000, of up to $10,000 for a married

couple filing jointly, $5,000 for a married person filing separately, or $7,500 for

an individual filing as a single taxpayer or an individual determining tax pursuant

to subsection a. of N.J.S.54A:2-1 ; for the taxable year beginning on or after January 1, 2000, but before January 1,

2001, of up to $12,500 for a married couple filing jointly, $6,250 for a married person

filing separately, or $9,375 for an individual filing as a single taxpayer or an individual

determining tax pursuant to subsection a. of N.J.S.54A:2-1 ; for the taxable year beginning on or after January 1, 2001, but before January 1,

2002, of up to $15,000 for a married couple filing jointly, $7,500 for a married person

filing separately, or $11,250 for an individual filing as a single taxpayer or an

individual determining tax pursuant to subsection a. of N.J.S.54A:2-1 ; for the taxable year beginning on or after January 1, 2002, but before January 1,

2003, of up to $17,500 for a married couple filing jointly, $8,750 for a married person

filing separately, or $13,125 for an individual filing as a single taxpayer or an

individual determining tax pursuant to subsection a. of N.J.S.54A:2-1 ; for taxable years beginning on or after January 1, 2003, but before January 1, 2017,

gross income shall not include income of up to $20,000 for a married couple filing

jointly, $10,000 for a married person filing separately, or $15,000 for an individual

filing as a single taxpayer or an individual determining tax pursuant to subsection

a. of N.J.S.54A:2-1 ; for taxable years beginning on or after January 1, 2017 but before January 1, 2018,

gross income shall not include income of up to $40,000 for a married couple filing

jointly, $20,000 for a married person filing separately, or $30,000 for an individual

filing as a single taxpayer or an individual determining tax pursuant to subsection

a. of N.J.S.54A:2-1 ; for taxable years beginning on or after January 1, 2018, but before January 1, 2019,

gross income shall not include income of up to $60,000 for a married couple filing

jointly, $30,000 for a married person filing separately, or $45,000 for an individual

filing as a single taxpayer or an individual determining tax pursuant to subsection

a. of N.J.S.54A:2-1 ; for taxable years beginning on or after January 1, 2019, but before January 1, 2020,

gross income shall not include income of up to $80,000 for a married couple filing

jointly, $40,000 for a married person filing separately, or $60,000 for an individual

filing as a single taxpayer or an individual determining tax pursuant to subsection

a. of N.J.S.54A:2-1 ; for taxable years beginning on or after January 1, 2020, gross income shall not include

income of up to $100,000 for a married couple filing jointly, $50,000 for a married

person filing separately, or $75,000 for an individual filing as a single taxpayer

or an individual determining tax pursuant to subsection a. of N.J.S.54A:2-1 ; for taxable years beginning on or after January 1, 2021, for a taxpayer with gross

income in excess of $100,000, but not more than $125,000, 50 percent of income for

a married couple filing jointly, 25 percent of income for a married couple filing

separately, or 37.5 percent of income for an individual filing as a single taxpayer

or individual determining tax pursuant to subsection a. of N.J.S.54A:2-1 ; for taxable years beginning on or after January 1, 2021, for a taxpayer with income

in excess of $125,000, but not more than $150,000, 25 percent of gross income for

a married couple filing jointly, 12.5 percent of income for a married couple filing

separately, or 18.75 percent of income for an individual filing as a single taxpayer

or individual determining tax pursuant to subsection a. of N.J.S.54A:2-1 , when received in any tax year by a person aged 62 years or older who received no income

in excess of $3,000 from one or more of the sources enumerated in subsections a.,

b., k. and p. of N.J.S.54A:5-1 . (2) For taxable years beginning on or after January 1, 2005, but before January 1, 2021, the exclusion provided by this subsection shall only be allowed if the taxpayer has

gross income for the taxable year of not more than $100,000. For taxable years beginning on or after January 1, 2021, the exclusion provided by

this subsection shall only be allowed if the taxpayer has gross income for the taxable

year of not more than $150,000. (3) The total exclusion under this subsection and that allowable under N.J.S.54A:6-10 shall not exceed the amounts of the exclusions set forth in this subsection. b. In addition to the exclusion provided under N.J.S.54A:6-10 and subsection a. of this section, gross income shall not include income of up to

$6,000 for a married couple filing jointly or an individual determining tax pursuant

to subsection a. of N.J.S.54A:2-1 , or $3,000 for a single person or a married person filing separately, who is not

covered under N.J.S.54A:6-2 or N.J.S.54A:6-3 , but who would be eligible in any year to receive payments under either section if

he or she were covered thereby.