The ANCHOR program is a property tax relief program for New Jersey residents who own or rent property in New Jersey as their principal residence and meet certain income limits. The program is based on 2020 residency, income, and age, and the current filing season for the ANCHOR benefit is based on these factors. Here are some details about the program:
Positive:
- Homeowners and renters who meet the qualifications for the current benefit can apply for the program.
- ANCHOR benefit payments are not reportable as New Jersey income.
- This year’s benefit provides an additional $250 for New Jersey residents who were 65 or older as of December 31, 2020.
- Payments for the ANCHOR program should begin hitting the bank accounts of New Jersey residents.
Negative:
- The deadline to make adjustments to your ANCHOR application was September 30, 2023.
- All other applicants have until Friday, December 29, 2023, to file applications.
- If you received a green or purple filing packet in the mail, you need to follow the instructions in the packet to apply for your benefit.
- If you need to change any information, you have until September 30, 2023, to file an application on your own.
Ingredients or materials: There is no information available about ingredients or materials related to the ANCHOR program.
