Tax Deductions and Exemptions
Veterans Property Tax Deduction Application:
https://www.state.nj.us/treasury/taxation/pdf/other_forms/lpt/vss.pdf
For information about State Property Tax Relief Programs,
including eligibility criterion and potential deduction or
credit amounts, please visit the Division of Taxation’s
website at
https://www.state.nj.us/treasury/taxation/relief.shtml
or call for Homestead Rebate information - 1-888-238-1233 or
Senior Freeze information - 1800-882-6597.
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Veteran Deductions on
Continuing Care Retirement Communities Information
ANCHOR – Affordable New Jersey Communities for
Homeowners and Renters – property tax relief program
North Hanover residents soon will
receive filing information mailers for the 2019 ANCHOR –
Affordable New Jersey Communities for Homeowners and
Renters – property tax relief program. The ANCHOR
program replaces the Homestead Benefit program and
expands the amount of property tax relief while also
boosting eligibility to twice as many homeowners and
including tenants, once again. The deadline for filing
an ANCHOR application is Friday, December 30, 2022.
The Division will email 2019 ANCHOR program filing
information to homeowners who had requested their 2019
application be sent through email when they filed their
2018 Homestead Benefit application. Eligible homeowners
are encouraged to file applications online or by phone.
However, some homeowners will be required to file a
paper application. All eligible tenants can file online
or by completing a paper application. However, we
encourage online filing and tenants have no phone
option. The online application, filing instructions, and
paper applications can be accessed at nj.gov/taxation.
The automated telephone filing system will be available
24 hours a day, seven days a week during the filing
period at 1 (877) 658-2972.
To be eligible, homeowners must have:
· Been a New Jersey resident; and
· Owned and occupied a
home in New Jersey that was their principal residence
(main home) on October 1, 2019; and
· Paid the 2019
property taxes on their main home; and
· Had 2019 New
Jersey gross income of not more than $250,000
To be eligible, tenants must have:
· Been a New Jersey
resident; and
· Rented and occupied an apartment or
residence in New Jersey that was their principal
residence (main home) on October 1, 2019; and
· Lived in
a unit with its own separate kitchen and bath facilities
(if the building had more than one dwelling unit); and
·
Paid rent on their main home, which was subject to local
property taxes; and
· Had 2019 New Jersey gross income
of not more than $150,000.
Applicants will choose to
receive their benefits either as a check or direct
deposit.
General online information:
nj.gov/treasury/taxation/anchor/index.shtml
· Homeowners
file applications by phone: 1 (877) 658-2972
·
Homeowners file applications online:
nj.gov/treasury/taxation/anchor/home-file.shtml
·
Tenants file online:
nj.gov/treasury/taxation/anchor/tenant.shtml
· To ask
questions: 1 (888) 238-1233
· In-person assistance at
Taxation Regional Information Centers.
For faster
service, we strongly recommend making an appointment:
nj.gov/treasury/taxation/contact.shtml
Text Telephone
Service (TTY/TDD) for hearing-impaired users: 1 (800)
286-6613 or (609) 984-7300.
Taxation email address for
ANCHOR: NJ.Anchor@treas.nj.gov.
Taxation email for
general tax questions:
nj.taxation@treas.nj.gov.
Senior Citizen's deductions and deductions for disabled persons
are handled by the Tax Collector. The
Tax Assessor handles Veteran's deductions and exemptions. See
NJ Treasury Website
for forms.Necessary Qualifications:
To qualify for any of the $250 deductions, a
taxpayer must, as of October 1 of the pre-tax year:
- Be legal owner of, or have a fractional interest
(i.e. life rights) in, the property on which the
deduction is claimed, and
- Be a citizen and resident of New Jersey (the word
resident is intended to mean that the applicant must
have resided in the State of New Jersey for the 12-month
period immediately preceding October 1 of the pre-tax
year. The word citizen is intended to mean a citizen of
New Jersey.) and
- Reside at the property for which the application for
deduction is being made, and
- Receive (or reasonably anticipated receiving) an
annual income (joint income with spouse) of $10,000 or
less.
In addition to the general qualifications
above, applicants for a Senior Citizen deduction must be 65
years of age on or before December 31 of the pre-tax year.
In addition to the general qualifications
above, applicants for a disabled person deduction must be
permanently and totally disabled (the word disabled means an
inability to engage in any substantial gainful activity) as of
December 31 of the pre-tax year.
In addition to the general qualifications
above, applicants for a Surviving Spouse of a Senior Citizen or
Disabled Person must:
Not have remarried, and
- Have been at least 55 years of age at the time of
the death of the deceased spouse, and
- Have reached age 55 by December 31 of the pre-tax
year, and
- Be the surviving spouse of a person who was actually
receiving either a Senior Citizen deduction or a
Disabled Person deduction at the time of his/her death.
Veteran's
Deductions
New for 2017
Income Tax
You are eligible for a
$3,000 exemption on your Income Tax return if you are a military
veteran who was honorably discharged or released under honorable
circumstances from active duty in the Armed Forces of the United
States on or any time before the last day of the tax year. Your
spouse (or civil union partner) is also eligible for an
exemption if he/she is a veteran who was honorably discharged or
released under honorable circumstances and you are filing a
joint return. This exemption is in addition to any other
exemptions you are entitled to claim and is available on both
the resident and nonresident returns. You cannot claim this
exemption for a domestic partner or for your dependents.
The form can be accessed
here.
http://www.state.nj.us/treasury/taxation/military/vetexemption.shtm
To qualify for the Veteran's deductions, the
claimant must, as of October 1 of the pre-tax year
For Veterans:
- Be legal owner of, or have a fractional interest in
the property on which the deduction is claimed (a tenant
shareholder in a cooperative or mutual housing
corporation is considered to be the owner of his
proportionate share of the real property of the entity
holding title), and
- Have an honorable discharge or release under
honorable circumstances from active service in time of
war in some branches of the US Armed Forces, and
- Be a citizen and legal resident of New Jersey.
For the Surviving Spouse of a
Veteran or Service Person:
- Be legal owner of, or have a fractional interest in
the property on which the deduction is claimed (same
language as above)
- Not have remarried and,
- Be a legal resident of New Jersey, and
- Be the surviving spouse of a veteran who was
honorably discharged or released under honorable
circumstances from active service in the time of war in
a brance of the Armed Forces of the US. Or, be the
surviving spouse of a citizen and resident who met death
while on active duty in a branch of the Armed Forces of
the US having had active service in time of war in a
branch of the Armed Forces of the US, and
- Prove that the deceased was a domiciled citizen and
resident of New Jersey at the time of his/her death.
See
NJ Treasury web site for forms.
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