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Deductions & credits
Just read this:
New Jersey: In New Jersey, renters have two choices when it comes to the renter's tax credit. The first is to take a deduction on their taxes of 18% of the amount paid in rent, while the second is a flat $50 credit on their taxes.
so based on my son paid 5804 then why isnt turbotax doing 18% deduction of $1044 instead doing credit of $50
May 17, 2021
10:45 AM