SCorpDesk / 2026 S-Corp & QBI Guides / New Jersey (NJ) 2026 S-Corp Tax Calculator, PTET Election & Franchise Tax Guide
New Jersey (NJ) 2026 S-Corp Tax Calculator, PTET Election & Franchise Tax Guide
What are the 2026 S-Corp tax and PTET rules in New Jersey?
In New Jersey (NJ), the 2026 S-Corporation election rule is: REQUIRES Separate NJ-CBT-2553 State S-Corp Election (TRAP!). For the Pass-Through Entity Tax (PTET) deduction: New Jersey BAIT (Pass-Through Business Alternative Income Tax). Entity-level franchise/minimum tax: $375+ NJ Minimum CBT on S-Corps.
In New Jersey (NJ), the 2026 S-Corporation election rule is: REQUIRES Separate NJ-CBT-2553 State S-Corp Election (TRAP!). For the Pass-Through Entity Tax (PTET) deduction: New Jersey BAIT (Pass-Through Business Alternative Income Tax). Entity-level franchise/minimum tax: $375+ NJ Minimum CBT on S-Corps.
Open New Jersey 2026 S-Corp & 20% Permanent QBI Calculator
2026 New Jersey (NJ) S-Corporation Statutory Tax Matrix
| New Jersey S-Corp Compliance Area | 2026 Statutory Rule |
|---|---|
| State S-Corp Election Recognition | REQUIRES Separate NJ-CBT-2553 State S-Corp Election (TRAP!) |
| Pass-Through Entity Tax (PTET) Election | New Jersey BAIT (Pass-Through Business Alternative Income Tax) |
| Annual Minimum / Franchise Tax | $375+ NJ Minimum CBT on S-Corps |
| Federal Section 199A QBI Deduction | Up to 23% of qualified K-1 income under Public Law 119-21 |
| Home Office & Mileage Deduction Method | Must use an IRC Section 62(c) Corporate Accountable Plan |
Frequently Asked Questions
Does New Jersey require a separate state S-Corp election in 2026?
For New Jersey (NJ): REQUIRES Separate NJ-CBT-2553 State S-Corp Election (TRAP!).
What is the New Jersey S-Corp franchise or minimum tax for 2026?
In New Jersey: $375+ NJ Minimum CBT on S-Corps.