MarilynG1
Expert Alumni

Deductions & credits

From your property title info, you could take 1/3 of the property tax credit/deduction and your wife could take 2/3, even if paid from a joint account.

 

If your property just had both your names on it, you could divide the Property Tax any way you agree on. 

 

For New Jersey, your Filing Status has to be the same as your Federal filing status.

 

For each of your separate portions, you could either take the credit or the deduction on your individual separate returns.

 

Click this link for more info on the New Jersey Property Tax.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"