The Current State of the Anchor Benefit Program for Renters

🏠Renters who were 65 or older as of December 31, 2020, and their eligible renters for the Anchor program, will receive an additional $250 to their anchor benefit.

💼Renters must be New Jersey residents and have rented and occupied a residence in New Jersey that was their principal residence as of October 1, 2020.

💰2020 New Jersey gross income must not exceed $150,000 for single filers or combined income from all sources for married filers.

📩Two types of mailers were sent out: the Anchor mailer with information on how to file, and the Anchor Benefit confirmation letter for those who already received the benefit.

📅Benefit payments are made on a rolling basis approximately 90 days from the date of filing. Check the status online or contact the Anchor hotline for assistance.

What are the eligibility requirements for the Anchor Benefit program?

—To be eligible, renters must be New Jersey residents, have rented and occupied a residence in New Jersey as their principal residence, and meet income requirements.

What types of properties qualify for the Anchor Benefit program?

—Qualified properties include rental properties subject to property taxes, mobile homes permanently attached to properties, and shared residential properties with access to kitchen and bathroom facilities.

What should I do if I haven't received a letter or mailer about the Anchor Benefit program?

—You can file online using the Anchor website. If you still have questions or need assistance, contact the Anchor hotline or visit one of the regional information centers.

How much will I receive as an Anchor benefit?

—The benefit amount varies based on eligibility and age. Renters who were 65 or older as of December 31, 2020, will receive an additional $250 to their anchor benefit.

How can I check the status of my Anchor benefit?

—You can check the status online using the Anchor website's online inquiry system. If you filed online, allow 10 days from the date of filing before checking the system.

00:10In this video, Mike Kovac provides important updates on the current state of the Anchor Benefit program for renters in New Jersey.

02:29New for this filing season, renters who were 65 or older as of December 31, 2020, and their eligible renters will receive an additional $250 to their anchor benefit.

08:10Eligibility requirements for the Anchor Benefit program include being a New Jersey resident, renting and occupying a residence in New Jersey as your principal residence, and meeting income requirements.

14:20Properties that qualify for the Anchor Benefit program include rental properties subject to property taxes, mobile homes permanently attached to properties, and shared residential properties with access to kitchen and bathroom facilities.

20:40Two types of mailers were sent out: the Anchor mailer with information on how to file, and the Anchor Benefit confirmation letter for those who already received the benefit.

30:15Benefit payments are made on a rolling basis approximately 90 days from the date of filing. You can check the status online using the Anchor website's online inquiry system or contact the Anchor hotline for assistance.