Renter

The benefit is calculated using income on line 29 of your 2025 NJ-1040 and varies depending on your age and income amount. If your income on line 29 exceeded $150,000, you are not eligible.

Benefit Amount

For 2025, applicants who were age 65 or older by December 31, 2025, will receive an additional $250.

Age in 2025 64 or younger 65 or older Benefit Amount $450 $700

Property Tax Credit

New Jersey renters, age 65 and over, who are not required to file a New Jersey Gross Income Tax return (NJ-1040), are eligible for a Property Tax Credit of up to $50. If you were a renter, over 65, in New Jersey on October 1, 2025, and did not claim a $50 Property Tax Credit on the NJ-1040, the credit will be included in your ANCHOR benefit payment.

Benefit Payment

Payments will begin on a rolling basis, starting September 15, usually within 90 days of filing. Applicants who file by paper will have a paper check option only. Online applicants will have the option to receive paper check or direct deposit.