[mantasdad]

I own a home in New Jersey and work in New York. I NEVER get anything back from New Jersey. I feel all the property taxes and interest from my New Jersey home has been going to waste for the past 3 years. Is my tax filer doing something wrong? I've heard you can import all the New York state taxes to New Jersey and file as a New Jersey resident.
Please help! :mad:

[delite]

i own a home in new jersey and work in new york. i NEVER get anything back from new jersey. i feel all the property taxes and interest from my new jersey home has been going to waste for the past 3 years. is my tax filer doing something wrong?. i've heard you can import all the new york state taxes to new jersey and file as a new jersey resident.
please help!!:mad:

You file in both states. For NY, liability is based on wages earned in NY. For NJ file a return based on income from all sources, getting a credit for taxes paid to NY. There is a special provision on the NJ return wherein there is a partial rebate for property taxes.

[AtlantaTaxExpert]

Delite pretty much has it right. Since the NY taxes are higher than NJ, they usually completely offset any NJ taxes due. The only thing the NJ filer gets is a renter or property tax rebate, usually only $50.

In 2006, the state tax workers will calculate the rebate instead of the tax preparers.