2025 Form NJ-1041 - Things to Know Before Beginning

Sep 19, 2026

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The document provides filing guidance for the 2025 New Jersey Gross Income Tax Fiduciary Return, Form NJ-1041. It defines key fiduciary terminology, explains which resident estates and trusts must file, and states when a resident estate or trust is exempt from New Jersey tax. It clarifies the meaning of resident estate or trust, domicile rules, and exclusions such as charitable trusts and pension-related trusts, then describes revocable/irrevocable and grantor trust reporting requirements.

LanguageEnglish

CategoryForms

FormatPDF

Pages29

Reading Time10 min

AccessFree to download

General Filing Information

Who Must File

Period Covered by Return

When to File

Extension of Time to File

Name, Address, and Identification Number

Income

How to Pay

Penalties, Interest, and Collection Fees

Where to Mail

Amended Return

Information, Forms, and Assistance

~~ ~~ 2025 Form NJ-1041 ~~ ~~ 1 Table of Contents General Filing Information ............................................................................... 2 Who Must File ........................................................................................ 2 Period Covered by Return ..................................................................... 3 When to File ........................................................................................... 3 Extension of Time to File........................................................................ 3 Name, Address, and Identification Number ..................................................... 4 Income ............................................................................................................. 5 Schedule NJ-BUS-1 – Business Income Summary......................................... 6 Schedule A – Net Gains or Income From Disposition of Property ................. 12 Schedule B – Beneficiaries’ Shares of Income.............................................. 13 Schedule C – Credit for Income or Wage Taxes Paid by New Jersey Estates or Trusts to Other Jurisdictions ..................................................... 14 Schedule D – Allocation of Business Income to New Jersey ........................ 15 Schedule E – New Jersey Income of Nonresident Estates and Trusts ......... 15 How to Pay .................................................................................................... 16 Penalties, Interest, and Collection Fees ........................................................ 16 Where to Mail ................................................................................................ 17 Amended Return ........................................................................................... 17 Schedule NJK-1 ............................................................................................. 17 NJ-NR-A – Business Allocation Schedule ..................................................... 18 Tax Table ....................................................................................................... 19 Tax Rate Schedules....................................................................................... 27 Information, Forms, and Assistance .............................................................. 29 ~~ ~~ 2025 Form NJ-1041 ~~ ~~ 2 Things to Know Before Beginning the 2025 NJ-1041 Definitions Fiduciary means a guardian, trustee, executor, administrator, receiver, conservator, or any person acting in any trust or similar capacity. The term estates refers only to the estates of deceased persons. The New Jersey Gross Income Tax liability for minors, persons adjudicated incompetent, or for any person who is suffering from some other legal disability must be calculated on the same form as that used for anyother individual taxpayer, but it may be prepared in the name of the disabled individual and signed by the guardian or conservator. Who Must File a Return Resident Estates and Trusts The fiduciary of every resident estate or trust must file a New Jersey Gross Income Tax Fiduciary Return (Form NJ-1041) if gross income, before exemptions or deductions, was more than $10,000 (prorated for the number of months covered by a part-year return) during the tax year. A resident estate or trust is not subject to New Jersey tax if it: • Does not have any tangible assets in New Jersey; • Does not have any income from New Jersey sources; and • Does not have any trustees or executors in New Jersey. However, the fiduciary must file Form NJ-1041 for such estate or trust, enclose a statement certifying that the estate or trust is not subject to tax, and check the box online 27. Resident estate or trust means: 1. The estate of a decedent who at their death was domiciled in New Jersey; or 2. A trust, or a portion of a trust, consisting of property transferred

FAQs

Who must file Form NJ-1041 for a resident estate or trust?

The fiduciary must file if gross income (before exemptions or deductions) was more than $10,000 during the tax year, prorated for the months covered in a part-year return.

When is a resident estate or trust not subject to New Jersey tax?

It is not subject to New Jersey tax if it has no tangible assets in New Jersey, no income from New Jersey sources, and no trustees or executors in New Jersey. The fiduciary must still file Form NJ-1041, include a certification statement, and check the online box 27.

What is the difference between revocable and irrevocable trusts for NJ-1041 purposes?

A trust is revocable if it is subject to a power (exercisable now or later) to revest title in the person whose property constitutes the trust. It becomes irrevocable when the possibility that the power may be exercised has been terminated.

Sep 19, 2026

Upload by Rizky