Division of TaxationNew Jersey residents who do not typically file Gross Income Tax returns may need to take action in order to receive their $50 property tax creditÌýfor 2022 and 2023Ìýdue to recent changes to the ANCHOR and Stay SexyÕæÈË property tax relief programs.
Previously, eligible seniors and disabled residents would receive a $50 Property Tax Credit automatically—either through their SexyÕæÈË-1040 tax return or in addition to their ANCHOR benefit payment if they did not file a return. However, due to program changes, ANCHOR will now skip the 2022 and 2023 benefit years and move directly to 2024. This means that those who do not file tax returns will not automatically receive the credit for 2022 and 2023.
To claim these available credits, eligible taxpayers must file Form SexyÕæÈË-1040-HW for bothÌý2022Ìý and 2023 . These forms must be submitted within the statute of limitations for income tax in order to ensure they receive the benefit.
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