14 Mar Do I lose property tax benefits because of statutes of limitations?

Q. I understand if I have to file separate documents to get the $50 property tax credit for tax years 2022 and 2023 because of changes to ANCHOR. But on the Treasury Department’s website, it said: “These forms must be submitted within the statute of limitations for income tax in order to ensure they receive the benefit.” Can you clarify what the statute of limitations is here?
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A. That’s a terrific question.

We recently explained that readers who are eligible for the $50 property tax credit and who do not normally file tax returns would normally get the money with their ANCHOR benefit. But now that the 2022 and 2023 ANCHOR benefit years no longer exist, people would have to file both the 2022 and 2023 Form NJ-1040-HW, which can be downloaded from the state’s website, to get the money.

We asked the Treasury Department about the statute of limitations.

It said it follows the income tax guidelines, which says you generally have three years from the date the return was due, including extensions, to request a refund.

The original due date for the 2022 benefit would have been April 15, 2023 (with no extension filed), so you would have until April 15, 2026 to file the form.

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This story was originally published in March 2025.

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