New Jersey Tax Division Updates Property Tax Credit Information

The New Jersey Division of Taxation announced that residents who do not typically file income tax returns must file Form NJ-1040-HW for 2022 and 2023 to receive their $50 property tax credit due to changes to the ANCHOR and Stay NJ property tax relief programs. Previously, eligible seniors and disabled residents would automatically receive the credit, but the programs are skipping 2022 and 2023 benefit years, so non-filers must submit the forms within the statute of limitations to claim the credit for those years. [N.J. Div. of Tax’n, How to Claim Your Property Tax Credit for 2022 and 2023, 03/06/25] ...