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crouch_gw

Is a Mt. Laurel contribution tax deductible?

crouch
17 years ago

In NJ, there's a statewide affordable housing initiative that grew out of a case involving the town of Mt. Laurel. As a practical matter, it requires those building new homes to make a monetary contribution to their town so that the town can fulfill its court-ordered requirement to provide affordable housing.

My wife and I recently built a home and had to pay this fee, which was approximately $2000.

Does anyone know whether this contribution is tax deductible at the federal or state level and if so, where I would claim it? I've performed a Google search but didn't find anything.

Much obliged to anyone who can help.

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