When I filed my 2023 Federal Tax Return I used the Standard Deduction; yet there's a Schedule 1 attached that year listing Additional Income, Line 8z. It indicates a 'rebate' amount for my NJ Senior Freeze along with the words NEW JERSEY REAL ESTATE.
Now, I'm preparing my 2024 Federal Tax Return, and I'm again using the Standard Deduction. Do I need to include the NJ property tax rebates (2 of them) on a Schedule 1 again? I was told that if I used a Standard Deduction in the prior year (2023), I would not need to include my NJ rebates for property tax on my 2024 Federal Return.
