# N.J. Stat. § 54A:7-3: Credit for tax withheld

> New Jersey · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54A_C7_S7-3

## Section

- **Citation:** N.J. Stat. § 54A:7-3
- **Heading:** Credit for tax withheld
- **Jurisdiction:** New Jersey
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NJ Code / Title 54A / Chapter 7 / Section 7-3

## Text

54A:7-3. Credit for tax withheld. Wages or pensions or annuities upon which tax is required to be withheld shall be taxable under this act as if no withholding were required, but any amount of tax actually deducted and withheld under this act in any calendar year shall be deemed to have been paid to the director on behalf of the person from whom withheld, and such person shall be credited with having paid that amount of tax for the taxable year beginning in such calendar year. For a taxable year of less than 12 months the credit shall be made under regulations of the director. L.1976, c.47, s.54A:7-3; amended 1989,c.328,s.3.

## Nearby sections

- [N.J. Stat. § 54A:7-1 Requirement of withholding tax from wages.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54A_C7_S7-1.md)
- [N.J. Stat. § 54A:7-1.1 Voluntary withholding from pensions and annuities](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54A_C7_S7-1.1.md)
- [N.J. Stat. § 54A:7-1.2 Entities making payments to unincorporated contractors, 7 percent withholding; exceptions; definitions.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54A_C7_S7-1.2.md)
- [N.J. Stat. § 54A:7-2 Information statement for employee or recipient of other payments, earned income credit.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54A_C7_S7-2.md)
- [N.J. Stat. § 54A:7-3 Credit for tax withheld](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54A_C7_S7-3.md)
- [N.J. Stat. § 54A:7-4 Employer's or other payor's return and payment of withheld taxes](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54A_C7_S7-4.md)
- [N.J. Stat. § 54A:7-5 Liability for withheld taxes](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54A_C7_S7-5.md)
- [N.J. Stat. § 54A:7-6 Failure to withhold](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54A_C7_S7-6.md)
- [N.J. Stat. § 54A:7-7 Filing annual reconciliation of tax withheld](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54A_C7_S7-7.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54A_C7_S7-3. Check the current official text before relying on it. Not legal advice.