close
close

Bergen Tax Papers Had Highest Tax Refund, New Jersey Study Finds

1 minute reading time

play

Only nine months left until tax day!

While it may be too early to think about your 2024 taxes (or maybe not?), financial website SmartAsset published its annual look at where people file the largest federal tax returns and where they owe the most taxes.

In total, the average federal tax refund in New Jersey was $3,345. The average amount owed was $8,131.

▶ New Jersey Senior Freeze: Don’t Miss the October 31 Deadline

The study found that taxpayers in Bergen County received the largest federal tax refunds, averaging $3,776. On the other hand, taxpayers in Somerset County owed the most on average, $10,836.

According to SmartAsset, “To determine which counties received the highest average refunds, we divided the total amount refunded by the IRS in each county by the number of refunds issued in each county. We did the same to calculate the average amount owed, dividing the total taxes owed in each county by the number of filers who still owe taxes.”

▶ Online scammers are targeting seniors in New Jersey. Here’s how to fight them.

Biggest Tax Refunds in New Jersey

The top 10 provinces where people received the highest average tax return are:

  1. Mountains, $3,776
  2. Essex, $3,744
  3. Somerset, $3,661
  4. Hunterdon, $3,655
  5. Morris, $3,446
  6. Monmouth, $3,410
  7. Mercer, $3,388
  8. Union, $3,355
  9. Ocean, $3,336
  10. Cumberland, $3,291.

Highest Federal Tax Bills in New Jersey

The provinces where people owed the highest federal taxes on average are:

  1. Somerset, $10,836
  2. Morris, $10,682
  3. Monmouth, $10,515
  4. Cape May, $10,233
  5. Mountains, $9,993
  6. Hunterdon, $9,767
  7. Essex, $9,251
  8. Mercer, $8,098
  9. Union, $8,088
  10. Middlesex, $6,921.