Bees
Level 7

Deductions & credits

Is it possible that you have been given the benefit of the standard deduction for NJ an an additional $50 credit for real estate taxes.? Things did change a lot this last year. https://patch.com/new-jersey/pointpleasant/2019-tax-returns-what-you-should-know-new-jersey#:~:text=...

 

I hate the new tax law from the Feds. It was done to punish states like New York and New Jersey and to disadvantage home ownership in favor of landlords. Hmmmm

Disclaimer: Not a tax professional. Information gathered from internet links. Anything dated in June 2019 was posted in prior years and is before the 2019 limits and changes.