Who:

• Homeowners with a 2021 New Jersey gross income of $250,000 or less who, as of October 1, 2021, owned, resided in, and paid taxes on their property.
• Renters with a 2021 New Jersey gross income of $150,000 or less if, on October 1, 2021, they:
  • Rented a house, apartment, condo, or mobile home that was subject to local property taxes; AND
  • Paid rent; AND
  • Had their name was on the lease or rental agreement.

What:

Benefits are determined by your 2021 New Jersey Gross Income and age:

• Homeowners under 65 with incomes up to $150,000 will receive $1,500, and with incomes up to $250,000 will receive $1,000. Applicants who were age 65 or older by December 31, 2021 will receive an additional $250.
• Renters under 65 with incomes up to $150,000 will receive $450. Renters age 65 or older with incomes up to $150,000 will receive $700.

How:

1. Returning Beneficiaries: If you received a 2020 ANCHOR benefit, expect an "ANCHOR Benefit Confirmation Letter" by the end of August 2024. . If all the information on the letter is correct, no further action is needed. Benefits will be processed using the details from your last filing.

2. Updated Information: If there have been changes since your last filing, submit an updated application by September 15, 2024.

   • If any information from your prior filing changed, you must file a new application to update these changes before September 15, 2024. Click here to file a new application - https://www1.state.nj.us/TYTR_Saver/jsp/common/HBWelcome.jsp
   • If you previously received an ANCHOR benefit as a tenant and are eligible for the homeowner benefit for 2021, you will need to file a Special Circumstances Form before September 15, 2024. Click here for links and information - https://www.nj.gov/treasury/taxation/anchor/forms.shtml

3. New Applicants: If you haven't received the "ANCHOR Benefit Confirmation Letter" by the end of August, apply for benefits by November 30, 2024 online at https://www.state.nj.us/treasury/taxation/anchor

Further Details:

• Many taxpayers will need to use the ID.me system for extra identity verification when applying for ANCHOR. This process can be completed in a few minutes using a computer or mobile phone. If you do not have a device that can access ID.me, the LRRC has tablets available for use during open hours. For more information about ID.me, see https://www.nj.gov/treasury/taxation/anchor/faqs.shtml#idme
• To apply, you will need: Social Security Numbers (or TIN) and dates of birth for you and your spouse, New Jersey gross income from Line 29 of your 2021 NJ-1040, and your 2021 filing status.
• Payments will be made on a rolling basis. Most applicants will receive their payment about 90 days after applying.
• A principal residence (main home) is defined as a residence you occupied as your permanent home.
• If you didn't own and occupy a home on October 1, 2021, you won't qualify for homeowner benefits—even if you owned a home during part of 2021.
• You are not eligible for benefits for vacation properties, second homes, or homes you rented out. If you owned multiple New Jersey properties, only your primary residence as of October 1, 2021, is eligible.
• The cumulative property tax relief benefits (like ANCHOR benefit, Senior Freeze, and other deductions) can't exceed the total property taxes you paid for your primary residence in that year.
• For additional information and answers to frequently asked questions, click here - https://www.nj.gov/treasury/taxation/anchor/index.shtml