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Electronic Funds Transfer Overview

General

Enrollment with the Electronic Funds Transfer (EFT) Program allows you to make recurring electronic tax payments – for example, recurring payments for sales and use tax, quarterly withholding taxes including unemployment/disability, and corporate business taxes. Business representatives, payroll companies, tax software firms and tax service providers may find the program to be especially advantageous.

Mandatory Participants

Effective July 1, 2004 under P.L. 2004, c. 52, taxpayers with a prior year's liability of $10,000 or more in any one tax are required to remit payments for all taxes electronically using the EFT Program. The Division annually notifies those taxpayers that have crossed the threshold in any one tax of their required participation. The notification includes program information and documents to be completed. Detailed payment instructions are mailed after receipt and processing of the enrollment documents.

Pursuant to the Energy Tax Reform Legislation, (PL 1997, c. 162), all vendors of gas and electricity are required to remit particular taxes electronically without regard to any other regulations governing the electronic payment of taxes.

Methods of Payment and Registration

There are two EFT methods: Automated Clearing House (ACH) Debit and ACH Credit. Fed Wires or other wire transfers are not acceptable methods of EFT payments. In order to register as an EFT payer, your business must be registered with the Division and you must have a PIN for your business. The Division of Taxation issues PINs to registered businesses. If you need to obtain a PIN for your business, call the Division of Taxation at 609-292-6400.

• ACH Debit - With this method, you authorize the State to electronically debit your bank account for designated tax payments. The State pays the processing costs for the debit method. To enroll as a debit payer and change/update your existing enrollment information, (Add/Update EFT). Online EFT Debit payments may also be made.
  
  Note: If you or your bank imposes a debit block, add the ACH Company ID as an exception to the bank account debit block filter. The ID for ACH is 7216000928.


• ACH Credit - With the credit method you instruct your bank to debit your bank account and credit the State's bank account for designated tax payments. Your bank must originate payments using a mandated format -- the Cash Concentration or Disbursement Plus Tax Payment Addendum (CCD+/TXP). Check with your financial institution to confirm that it can originate your payments using this format. Note that your bank may charge setup and/or per-transaction fees for using the credit method. The state does not pay these fees.
  
  Use Form EFT1-C to enroll as a credit payer.

Note: Be aware that bank holidays may affect posting times of EFT payments.

Help with Enrollment

Help Line - 609-292-9292 Opt #6

FAX - 609-984-6681

Correspondence
New Jersey Division of Revenue and Enterprise Services
PO Box 191 EFT, Trenton, NJ 08646-0191

Additional Information

The U.S. Department of the Treasury offers an electronic tax payment program for amounts owed to the IRS ()