Where do you enter Anchor NJ property tax rebate received in 2024?

Thanks for the response. However, TurboTax cannot efile the NJ return if there is a negative number as described in the response. 
TurboTax form says to not enter property tax rebates as it’s already entered on Federal return. 

Thank you. 

If you got a property tax rebate in 2024, you have to first deduct that amount from your property taxes inputted on the federal screens if you itemize your deductions. Per Schedule A instructions, If you received a refund or rebate in 2024 of real estate taxes you paid in 2024, reduce your deduction by the amount of the refund or rebate.

 

Then, on the New Jersey screen, Eligibility - Property Tax Deduction or Credit, you enter the full amount of property taxes paid. On the NJ-1040 instructions, it states if you received an ANCHOR Benefit or Homestead Benefit, the benefit amount does not affect the amount to report on this line.

 

There are no other areas in TurboTax you need to enter or consider your Anchor benefit. 

 

@llewis96 

It is a recovery ; you put it on Schedule 1 Line 1

but for 2024, only if you itemized and deducted that amount of state taxes on 2021 Schedule A

 

@llewis96