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Get your taxes done using TurboTax
Maybe I should start a new post about this, please let me know. Anyway, here is the problem:
The first screen that comes up when one starts New Jersey State Taxes is this:
New Rules for Property Tax Credit There is a long blurb that I cannot copy and paste, so I am paraphrasing it here. It says that Turbotax does not calculate the $50 property tax credit for filers with taxable income of $20,000 or less because it is included with the Homestead Rebate.
According to the instructions for the 2022 NJ-1040, there are only two (2) ways to apply for the $50 tax credit. The first is to complete lines 40a and either 41 or 56. The second way is to file Form NJ-1040-HW, if you are not required to file Form NJ-1040 because your income was at or below the filing threshold.
Turbotax does NOT account for either of these.