gino
New Member

Investors & landlords

Thanks for the quick reply, when I take a closer look it looks like New Jersey allows a credit or tax deduction of up to 18% of the rent paid, which ever is greater. Am I reading this wrong because I would think 18% of rent paid as a tax deduction would be higher for just about everyone then a $50 tax credit in New jersey.  <a rel="nofollow" target="_blank" href="https://www.state.nj.us/treasury/taxation/amountofproptax_rent.shtml">https://www.state.nj.us/treasu...>