New Jersey Underpayment Penalty Form NJ2210

New Jersey Underpayment Penalty Form NJ2210

You may owe interest if you did not make estimated payments, including withholdings (see line 6), equal to at least 80% of your 2021 tax liability (line 49, Form NJ-1040) or 100% of your 2020 tax liability, provided your 2020 New Jersey Income Tax return covered a full 12-month period. If an underpayment does exist for any column in Part I, you should complete Part II, Exceptions, and the appropriate worksheet on page 2, NJ-2210 to determine if any of the exceptions on Part II may apply. You must complete the appropriate worksheet for exceptions 2, 3, and 4 and attach all calculations for each of the exceptions claimed.

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