New Jersey has started sending out 2023 Senior Freeze Applications from February 12, 2024. These applications are for seniors and individuals receiving federal Social Security disability benefits who meet certain criteria. Applicants must be 65 or older by December 31, 2022, or have received federal Social Security disability benefits by this date.
The program has undergone changes for the 2023 filing season. The income limit has been raised to $150,000 for 2022 and $163,050 for 2023. This increase will help those filing the 2023 PTR-1.
The new rules no longer require applicants to have lived in New Jersey for 10 consecutive years. However, the age/disability and three-year homeownership requirements are still in place.
For more details, applicants can visit the New Jersey Department of Taxation website. The application deadline for 2023 is October 31, 2024.
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