Wednesday, October 28, 2015

THIS JUST IN – NJ HOMESTEAD BENEFIT FILING DEADLINE EXTENDED


Acting State Treasurer Robert A. Romano has announced that the deadline for filing 2013 Homestead Benefit applications has been extended from October 30 to December 31, 2015.

To be eligible for a benefit for calendar year 2013, you must be a New Jersey resident who owned a principal residence on Oct. 1, 2013, and paid property taxes on that home. You must also have reported $75,000 or less in New Jersey gross income for 2013 or, if you were disabled or age 65 or older on Dec. 31, 2013, you must have reported gross income for 2013 of $150,000 or less.”

Most beneficiaries should receive a credit that will be applied against one of the quarterly tax billings in 2016.  Qualifying homeowners will only receive a check if their home was a unit in a co-op or a continuing care retirement community they no longer owned your home.  

The state had totally skipped issuing a Homestead Benefit one year – no Homestead Benefit applications were mailed out in 2014, and no credits against property tax installments were issued in 2014.  The credits that would normally have been issued in 2014, based on 2012 information, were applied to the May 2015 real estate tax billing.

Click here for information on the program.

TTFN

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