Who is eligible for the $500 rebate in NJ?
Is there a $500 ANCHOR payment?
No. For the ANCHOR benefit linked with 2024 information, the published payments are set amounts. And $500 is not one of them as in the table below.
Who can qualify for the anchor rebate in NJ?
You’re generally in range when you’re a New Jersey resident & your main home was in NJ on 1st October 1 in 2024 and your income fits one of the rows in the table above.
What counts for homeowners in line with NJ ANCHOR rebate eligibility?
Homeowners can satisfy eligibility criteria through common ownership setups as outlined below:
- Condos owned
- Co-ops where unit taxes apply to you as a resident shareholder
- Specific continuing care retirement community units where the contract necessitates you to pay a share of property taxes
What counts for renters under NJ ANCHOR qualifications?
For NJ ANCHOR rebate for renters, the building generally should be subject to property taxes. Specific rentals under a PILOT agreement can still fulfill qualification.
Why do you see a $500 rebate on your feed?
They generally mean distinct NJ programs, or it’s a loose summary of a letter that’s actually about ANCHOR amounts that aren’t $500.
How do you confirm the amount?
- Open the 2024 NJ-1040 and find line 29 — NJ gross income
- Check the record on the state ANCHOR “Check Benefit Status” page
- If you were 65+ by the end of 2024 or you received Social Security Disability benefits — make sure you used PAS-1 instead of the standard ANCHOR application
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