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NJ property tax credit

NJ_EA
Level 3

ProSeries is not automatically carrying the $50 minimum refundable property tax credit to line 56 of NJ-1040 on returns where taking the credit is clearly more advantageous than the deduction (i.e. zero taxable income); anyone else notice this?

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2 Comments 2
NickMousa
Level 2

Proseries is also not taking any credit if the tax is zero - even if they are over 65 years old

NJ_EA
Level 3

ProSeries is not handling this correctly at all.  The question in the software asks if you were a homeowner on 10/1/22 and are eligible and file for a 2022 Homestead Benefit.  But the $50 credit has nothing to do with the Homestead Benefit, which no longer exists (replaced by the Anchor Credit) and even when it did exist, only applied to residents who owned their homes 3 years prior.

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