Turbotax does not populate The New Jersey tax forms for the Property Tax Credit (Line 56, et al). In the notes on "New Rules for Property Tax Credit," it says that, "Filers with taxable income of $20,000 or less may receive the property tax credit included with their Homestead Rebate instead of on their tax return. I do not believe this to be true because I cannot find any information suggesting this on any NJ website. In fact, the NJ on line form supports filling out all the information regardless of taxable income. Does anybody have any further information on this? Hopefully no one will miss out on the $50 by going by what TT claims.
