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Get And Sign Form PD5 rev Nj

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the middle-class may take the hardest hit with the $10,000 federal cap on state and local tax deductions some calling this a de facto tax hike in Livingston that my land I represent it's $15,000 on South Orange it's $17,000 this is so hurtful to the entire state and in particular and some districts up in the northern part of the state where the property happens to be more valuable forty-one percent of New Jersey households have benefited from the salt deduction and they will now lose an average of eight thousand dollars in federal tax deductions today Murphy signed a possible solution bipartisan legislation allowing municipalities to establish charitable funds instead of writing a check to your municipality for property tax payments you would donate to these funds and receive up to a 90% tax credit in receipt allowing taxpayers in theory to file charitable deductions on their federal taxes as you would with other charities we have to set up the infrastructure in a very quick manner to


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