Knowledge Base

10227: NJ - Homestead Credit / Deduction

New Jersey

Why is the NJ Property Tax Deduction or Credit not being generated?

For the New Jersey program to calculate the credit or deduction (whichever applies), the property tax that qualifies for the credit must be entered in the second data entry field for line 5b Taxes that qualify for State Property Tax Credit (line 6 in 2017 and prior) on Federal screen A, Itemized Deductions Schedule. Press F1 to view Help for this field.

Enter all property taxes as you normally would in the first line 5b field, and only the amount that qualifies for the NJ Homestead Credit/Deduction in the second field.

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