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REAL PROPERTY TAX RELIEF CREDIT (IT 229) : do I need to reduce property tax deduction
Hello, I am aware that for NY STATE, if I got a star rebate check as I did years back I report it in Turbo tax so it reduces the Deduction for [property tax. However, in 2021 i have questions
Assume my prop tax paid in 2021 was 13500, and the tax assessment already included the star exemption on the bill. NO STAR Rebate was sent.
HOWEVER!
IN 2022 I did receive 2 rebate checks
2022 Homeowner tax rebate credit (HTRC)
https://www.tax.ny.gov/pit/property/homeowner-tax-rebate-credit.htm $2045
and on March 5, 2022
under the American Rescue plan $375. Also not called star
Turbo tax computed I get $350 for the REAL PROPERTY TAX RELIEF CREDIT (IT 229)
is this correct? Do I need to list these checks I got in 2022 in the 2021 taxes?
‎September 30, 2022
8:40 AM