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Division of Taxation

Installment Payments of Estimated Tax

Corporations are required to make installment payments of estimated tax. The installment amount is based on the total tax liability shown on the tax return from the previous privileged period. Installment payments are required as follows:

S Corporations:

For a tax liability greater than $375 and with prior year gross receipts $50 million or more, you must make three installment payments:

  • 25% on the 15th Day of the 4th Month
  • 50% on the 15th Day of the 6th Month
  • 25% on the 15th Day of the 12th Month

For a tax liability greater than $375 and with prior year gross receipts less than $50 million, you must make four equal installment payments:

  • 25% on the 15th Day of the 4th Month
  • 25% on the 15th Day of the 6th Month
  • 25% on the 15th Day of the 9th Month
  • 25% on the 15th Day of the 12th Month

For a tax liability of $375 or less:

  • Remit four equal installment payments; or
  • Make one prepayment of 50% by the due date of the return.

A New Jersey S corporation that elects to be a member of a combined group is treated in the same manner as a C corporation. See Combined Groups below.

C Corporations (filing separate returns):

For a tax liability greater than $500 and with prior year gross receipts of $50 million or more, you must make three installment payments:

  • 25% on the 15th Day of the 4th Month
  • 50% on the 15th Day of the 6th Month
  • 25% on the 15th Day of the 12th Month

For a tax liability greater than $500 and with prior year gross receipts less than $50 million, you must make four equal installment payments:

  • 25% on the 15th Day of the 4th Month
  • 25% on the 15th Day of the 6th Month
  • 25% on the 15th Day of the 9th Month
  • 25% on the 15th Day of the 12th Month

For a tax liability of $500 or less:

  • Remit four equal installment payments; or
  • Make one prepayment of 50% by the due date of the return.

Banking and financial corporation (BFC) filers that are not members of a combined group must refer to the instruction booklet for Form BFC-1 for information on submitting estimated payments.

Combined Groups:

For members of a combined group filing a CBT-100U, the managerial member makes installment payments on behalf of the group. All safe harbor provisions for installment payments and estimated tax payments apply in aggregate by the number of members of the combined group. See Combined Group Managerial Member Procedures and Changes to the Corporation Business Tax Act for more information.

For a tax liability greater than $500 and with prior year gross receipts of $50 million or more, you must make three installment payments:

  • 25% on the 15th Day of the 4th Month
  • 50% on the 15th Day of the 6th Month
  • 25% on the 15th Day of the 12th Month

For a tax liability greater than $500 and with prior year gross receipts less than $50 million, you must make four equal installment payments:

  • 25% on the 15th Day of the 4th Month
  • 25% on the 15th Day of the 6th Month
  • 25% on the 15th Day of the 9th Month
  • 25% on the 15th Day of the 12th Month

For a tax liability of $500 or less:

  • Remit four equal installment payments; or
  • Make one prepayment of 50% by the due date of the return.

Last Updated: Friday, 06/10/22