OT: NJ Anchor payments have started

[Retired711]

I got a direct deposit today of my NJ Anchor payment, so clearly payments have started. It is clear that the payment does not constitute income for New Jersey tax purposes. I don't know whether there has been a determination of whether it is taxable for federal tax purposes.

 

[BIGRUBIGDBIGredmachine]

 

[Retired711]

I got a direct deposit today of my NJ Anchor payment, so clearly payments have started. It is clear that the payment does not constitute income for New Jersey tax purposes. I don't know whether there has been a determination of whether it is taxable for federal tax purposes.

It is not considered income for federal tax purposes. BTW, moderators, thanks for cleaning up this thread!

 

[thegock]

The best plan is to have a high AGI to not have to worry about these.

 

[Tango Two]

https://www.nj.com/news/2024/07/whe...it-the-latest-on-nj-property-tax-savings.html