Federal Corporate Tax Rates For 2021 and 2022 After passage of the Tax Cuts and Jobs Act on December 27, 2017, the federal corporate tax rate has been changed to a flat 21% starting at $1 of income. This change was effective as of 1/1/18. New Jersey Corporate Tax Rates for 2021 and 2022
Taxable Income Over But Not Over The Tax is:
$0 $50,000 6.5%
$50,000 $100,000 7.5%
$100,000 $1,000,000 9.0%
$1,000,000 or more 11.5% (2020 & 2021)

C Corporation - Minimum Tax

S Corporation - Minimum Tax

New Jersey Gross Receipts Minimum Tax
More than: But no more than:
$0 $100,000 $500
$100,000 $250,000 $750
$250,000 $500,000 $1,000
$500,000 $1,000,000 $1,500
$1,000,000 or more $2,000
New Jersey Gross Receipts Minimum Tax
More than: But no more than:
$0 $100,000 $375
$100,000 $250,000 $563
$250,000 $500,000 $750
$500,000 $1,000,000 $1,125
$1,000,000 or more $1,500
Pennsylvania Corporate Tax Rates for 2021 and 2022

All income is taxed at 9.9%.

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