Hi,
I rent an apartment in an apartment building in NJ and pay around $25000 rent per year. I believe I can claim for Property tax deduction/credit.
But below are the criteria mentioned in NJ treasury website; I am bit confused with 4th point.
1,2,3 and 5 can be applied to me. But 4th says "If your primary residence was a unit in a multi-unit property you owned" what does this mean? I am a renter I don't own the apartment/building.
what are the eligible criteria?
-either first 3 Or 4 Or 5?
OR
Should all 5 (1 & 2 & 3 & 4 & 5) be satisfied?
(source : Property Tax Deduction/Credit Eligibility Requirements - NJ Taxation)
- You were domiciled and maintained a primary residence as a homeowner or tenant in New Jersey during the tax year; and
- Your primary residence, whether owned or rented, was subject to property taxes, that were paid either as actual property taxes or through rent; and
- If you rented your primary residence , it had its own separate kitchen and bathroom that you did not share with occupants of other units in the building, if there were other units;
- If your primary residence was a unit in a multi-unit property you owned, the property had no more than four units and no more than one of those was a commercial unit;
- Your gross income is more than $20,000 ($10,000 if filing status is single or married/CU partner, filing separate return), or you (and/ or your spouse/civil union partner if filing jointly) were 65 or older or blind or disabled on the last day of the tax year.
