Tax Day was moved to May 17 this year to accommodate those impacted by the COVID-19 pandemic. For many, this meant calculating how much money they owed the Internal Revenue Service.
In New Jersey, Somerset County residents owed the most in taxes, according to a new study from financial technology company SmartAsset, with 48,200 taxpayers obligated for an average of $8,689 in tax dollars. Conversely, 284,380 Essex county residents received an average refund of $3,292.
SmartAsset analyzed data from the IRS to determine the counties where people received the highest average tax refunds and the counties where people owed the most money after filing their taxes.
To determine the counties that received the highest average the total amount of money refunded by the IRS in each county was divided by the number of refunds issued in each county. The same was done to calculate the average amount owed, by dividing the total taxes owed in each county by the number of filers that still owe taxes.
NJ counties that owe the most in taxes: