New Jersey distributes up to $1750 via Anchor program
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Residents of New Jersey can receive payments of up to $1750 through the Anchor program, a state initiative designed to lessen the burden of property taxes on homeowners and renters.
The amount each person receives depends on their age, reported income, and housing situation. The state set November 2nd as the deadline to apply for this cycle of payments, after beginning distribution to some applicants on September 15th and October 1st.
Anchor is one part of New Jersey’s tax assistance measures, alongside programs like Senior Freeze and Stay NJ, but each program has its own requirements. Homeowners age 65 or older may receive up to $1750 if their gross income does not exceed $150,000. Homeowners under 65 can receive up to $1500 with income up to $150,000, or up to $1000 with income between $150,001 and $250,000.
Renters can receive up to $450 if under 65, or up to $700 if 65 or older. The state determines eligibility based on New Jersey gross income reported on line 29 of the NJ-1040 form, excluding Social Security benefits. Most homeowners under 65 who do not receive disability benefits, and eligible renters of all ages, had applications automatically submitted. Individuals 65 or older and certain disability benefit recipients must submit the PAS-1 form online or by mail.
Residents can check the status of their application online or by calling 1-888-238-1233.
