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      • Yes, but it is not adirectdeduction. New Jersey doesn't list the deduction as a "rent deduction" but rather as a "property tax" deduction. However, you are allowed to claim a credit on your NJ return if you are paying property taxes through your rent.
  1. Dec 31, 2020 · You are eligible for a property tax deduction or a property tax credit only if: 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

  2. Dec 5, 2023 · Based on the information provided, you are eligible to claim a property tax deduction or credit for Tax Year 2023. See the tax return instructions for information on calculating your deduction/credit.

  3. Dec 4, 2023 · Homeowners and renters who pay property taxes on a primary residence (main home) in New Jersey, either directly or through rent, may qualify for either a deduction or a refundable credit when filing an Income Tax return. The property tax deduction reduces your taxable income.

  4. Feb 8, 2022 · New Jersey doesn't list the deduction as a "rent deduction" but rather as a "property tax" deduction. However, you are allowed to claim a credit on your NJ return if you are paying property taxes through your rent. This NJ website gives more information: https://www.state.nj.us/treasury/taxation/njit35.shtml.

  5. Oct 28, 2024 · On your New Jersey tax return, right now, you can deduct up to $15,000 in property tax costs, and that number is not affected by the amounts you receive from ANCHOR and Senior Freeze.

  6. Property taxes are top of mind for many New Jersey homeowners. The state has the highest property taxes in the nation, with an average property tax bill of more than $8,400, and recent federal tax law changes limited the annual deduction for state and local taxes to $10,000. Moreover, homeowners have questions

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  8. Mar 13, 2023 · Property Tax Deduction/Credit (From the NJ Division of Taxation) If you were a New Jersey homeowner or tenant, you may qualify for either a property tax deduction or a refundable property...

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