NJ taxes on simple IRA

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02-23-2011, 08:42 AM

mdriver

Junior Member

Join Date: Feb 2011

Posts: 1

NJ taxes on simple IRA

Hi

I work for a company in AL who have a simple IRA, I contributed $14,000 in 2010. My permanent residence is NJ (have an aprtment and car registered in AL). My accountant indicates the $14,000 is taxable income in NJ? This is not a distribution, but reduced my taxable incoming by the same amount.

Anyway to avoid NJ tax on this?

Regards Mick

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