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Update New Jersey 2025 Individual Income Tax Model #7125

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Update New Jersey 2025 Individual Income Tax Model #7125

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bd47002
Initial commit for New Jersey 2025 Individual Income Tax Model update
DTrim99 Jan 7, 2026
0c4b97b
Add NJ 2025 tax updates with ANCHOR and Stay NJ programs
DTrim99 Jan 7, 2026
6700830
Move ANCHOR and Stay NJ from treasury to tax/income/credits
DTrim99 Jan 12, 2026
25e0010
Fix Stay NJ to subtract ANCHOR benefits per NJ Treasury guidance
DTrim99 Feb 9, 2026
78590e0
Fix Stay NJ integration tests for ANCHOR offset
DTrim99 Feb 9, 2026
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7 changes: 7 additions & 0 deletions changelog_entry.yaml
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@@ -0,0 +1,7 @@
- bump: minor
changes:
added:
- Adds New Jersey ANCHOR property tax relief program with income-based benefit amounts for homeowners and renters.
- Adds New Jersey Stay NJ senior property tax reimbursement program for eligible seniors aged 65+.
changed:
- Updates New Jersey income tax parameters with 2025 references including tax brackets, exemptions, deductions, and credits.
2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/credits/cdcc/rate.yaml
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Expand Up @@ -16,6 +16,8 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=45
- title: 2024 Instructions for Form NJ-1040 (line 64)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=46
- title: 2025 NJ-1040 Instructions (Line 56)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=44
brackets:
- threshold:
2021-01-01: -.inf
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2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/credits/ctc/age_limit.yaml
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Expand Up @@ -12,6 +12,8 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=46
- title: 2024 NJ-1040 Instructions (line 65)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=46
- title: 2025 NJ-1040 Instructions (Line 65)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=46
# New Jersey child tax credit was introduced in 2022

values:
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4 changes: 3 additions & 1 deletion policyengine_us/parameters/gov/states/nj/tax/income/credits/ctc/amount.yaml
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Expand Up @@ -14,8 +14,10 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=46
- title: 2024 NJ-1040 Instructions (line 65)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=46
- title: 2025 NJ-1040 Instructions (Line 65)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=46
# New Jersey child tax credit was introduced in 2022

brackets:
- threshold:
2022-01-01: 0
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2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/credits/eitc/eligibility/age/min.yaml
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Expand Up @@ -14,5 +14,7 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=45
- title: 2024 NJ-1040 Instructions (line 58)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=44
- title: 2025 NJ-1040 Instructions (Line 58)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=44
values:
2021-01-01: 18
2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/credits/eitc/match.yaml
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Expand Up @@ -14,6 +14,8 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=45
- title: 2024 NJ-1040 Instructions (line 58)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=44
- title: 2025 NJ-1040 Instructions (Line 58)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=44
values:
2000-01-01: 0.1
2001-01-01: 0.15
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2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/credits/property_tax/age_threshold.yaml
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Expand Up @@ -14,5 +14,7 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=52
- title: 2024 NJ-1040 Instructions - Property Tax Credit
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=51
- title: 2025 NJ-1040 Instructions (Property Tax Credit)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=51
values:
2021-01-01: 65
2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/credits/property_tax/amount.yaml
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Expand Up @@ -10,6 +10,8 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=44
- title: 2024 NJ-1040 Instructions (line 56)
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=51
- title: 2025 NJ-1040 Instructions (Line 48)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=51
unit: currency-USD
period: year
label: New Jersey property tax credit amount
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4 changes: 3 additions & 1 deletion policyengine_us/parameters/gov/states/nj/tax/income/credits/property_tax/income_limit.yaml
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Expand Up @@ -14,7 +14,9 @@ metadata:
href: https://www.nj.gov/treasury/taxation/proptaxdeduc_credit.shtml
- title: 2024 NJ-1040 Instructions - Property Tax Credit
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=51

- title: 2025 NJ-1040 Instructions (Property Tax Credit)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=51

breakdown:
- filing_status

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2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/deductions/medical_expenses/rate.yaml
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Expand Up @@ -12,5 +12,7 @@ metadata:
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=23
- title: 2024 NJ-1040 Instructions (Worksheet F, Line 2)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=25
- title: 2025 NJ-1040 Instructions (Worksheet F, Line 2)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=25
values:
2021-01-01: 0.02
2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/deductions/property_tax/limit.yaml
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Expand Up @@ -12,6 +12,8 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=32
- title: Instructions for Form NJ-1040 (Worksheet H, Line 2)
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=32
- title: 2025 NJ-1040 Instructions (Worksheet H, Line 2)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=32

values:
2021-01-01: 15_000
2 changes: 2 additions & 0 deletions ...parameters/gov/states/nj/tax/income/deductions/property_tax/qualifying_rent_fraction.yaml
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Expand Up @@ -12,5 +12,7 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=28
- title: 2024 NJ-1040 Instructions (line 40a)
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=30
- title: 2025 NJ-1040 Instructions (Line 40a)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=30
values:
2021-01-01: 0.18
2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/exclusions/retirement/age_threshold.yaml
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Expand Up @@ -12,5 +12,7 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=21
- title: 2024 NJ-1040 Instructions Line 28a 28b
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=22
- title: 2025 NJ-1040 Instructions (Lines 17-18)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=21
values:
2021-01-01: 62
2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/exclusions/retirement/max_amount.yaml
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Expand Up @@ -18,6 +18,8 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=21
- title: 2024 NJ-1040 Instructions Line 28a 28b
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=22
- title: 2025 NJ-1040 Instructions (Lines 17-18)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=21
breakdown:
- filing_status
SINGLE:
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2 changes: 2 additions & 0 deletions .../nj/tax/income/exclusions/retirement/other_retirement_income/earned_income_threshold.yaml
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Expand Up @@ -9,5 +9,7 @@ metadata:
href: https://law.justia.com/codes/new-jersey/2022/title-54a/section-54a-6-15/
- title: 2024 NJ-1040 Instructions Line 28b
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=22
- title: 2025 NJ-1040 Instructions (Line 18)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=22
values:
2021-01-01: 3_000
2 changes: 2 additions & 0 deletions .../gov/states/nj/tax/income/exclusions/retirement/pension/percentage/head_of_household.yaml
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Expand Up @@ -12,6 +12,8 @@ metadata:
href: https://www.nj.gov/treasury/taxation/pdf/other_forms/tgi-ee/2022/1040i.pdf#page=22
- title: 2023 NJ-1040 Instructions Line 28a
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=21
- title: 2025 NJ-1040 Instructions (Line 17)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=21
brackets:
- threshold:
2021-01-01: -.inf
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2 changes: 2 additions & 0 deletions ...s/parameters/gov/states/nj/tax/income/exclusions/retirement/pension/percentage/joint.yaml
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Expand Up @@ -12,6 +12,8 @@ metadata:
href: https://www.nj.gov/treasury/taxation/pdf/other_forms/tgi-ee/2022/1040i.pdf#page=22
- title: 2023 NJ-1040 Instructions Line 28a
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=21
- title: 2025 NJ-1040 Instructions (Line 17)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=21
brackets:
- threshold:
2021-01-01: -.inf
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2 changes: 2 additions & 0 deletions ...arameters/gov/states/nj/tax/income/exclusions/retirement/pension/percentage/separate.yaml
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Expand Up @@ -12,6 +12,8 @@ metadata:
href: https://www.nj.gov/treasury/taxation/pdf/other_forms/tgi-ee/2022/1040i.pdf#page=22
- title: 2023 NJ-1040 Instructions Line 28a
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=21
- title: 2025 NJ-1040 Instructions (Line 17)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=21
brackets:
- threshold:
2021-01-01: -.inf
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2 changes: 2 additions & 0 deletions .../parameters/gov/states/nj/tax/income/exclusions/retirement/pension/percentage/single.yaml
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Expand Up @@ -12,6 +12,8 @@ metadata:
href: https://www.nj.gov/treasury/taxation/pdf/other_forms/tgi-ee/2022/1040i.pdf#page=22
- title: 2023 NJ-1040 Instructions Line 28a
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=21
- title: 2025 NJ-1040 Instructions (Line 17)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=21
brackets:
- threshold:
2021-01-01: -.inf
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2 changes: 2 additions & 0 deletions ...s/gov/states/nj/tax/income/exclusions/retirement/pension/percentage/surviving_spouse.yaml
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Expand Up @@ -12,6 +12,8 @@ metadata:
href: https://www.nj.gov/treasury/taxation/pdf/other_forms/tgi-ee/2022/1040i.pdf#page=22
- title: 2023 NJ-1040 Instructions Line 28a
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=21
- title: 2025 NJ-1040 Instructions (Line 17)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=21
brackets:
- threshold:
2021-01-01: -.inf
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4 changes: 2 additions & 2 deletions ...s/parameters/gov/states/nj/tax/income/exclusions/retirement/special_exclusion/amount.yaml
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Expand Up @@ -14,8 +14,8 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=22
- title: 2024 NJ-1040 Instructions (line 28b)
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=22


- title: 2025 NJ-1040 Instructions (Line 18)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=22

SINGLE:
2021-01-01: 3_000
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2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/exemptions/blind_or_disabled/amount.yaml
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Expand Up @@ -14,5 +14,7 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=8
- title: 2024 NJ-1040 Instructions Line 8
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=10
- title: 2025 NJ-1040 Instructions (Line 9)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=8
values:
2021-01-01: 1_000
2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/exemptions/dependents/amount.yaml
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Expand Up @@ -14,5 +14,7 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=8
- title: 2024 NJ-1040 Instructions Line 10–11
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=8
- title: 2025 NJ-1040 Instructions (Lines 10-11)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=8
values:
2021-01-01: 1_500
2 changes: 2 additions & 0 deletions ...eters/gov/states/nj/tax/income/exemptions/dependents_attending_college/age_threshold.yaml
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Expand Up @@ -13,5 +13,7 @@ metadata:
href: https://www.nj.gov/treasury/taxation/pdf/other_forms/tgi-ee/2022/1040i.pdf#page=8
- title: 2024 NJ-1040 Instructions Line 12
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=10
- title: 2025 NJ-1040 Instructions (Line 12)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=8
values:
2021-01-01: 22
2 changes: 2 additions & 0 deletions ...s/parameters/gov/states/nj/tax/income/exemptions/dependents_attending_college/amount.yaml
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Expand Up @@ -14,5 +14,7 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=8
- title: 2024 NJ-1040 Instructions Line 12
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=8
- title: 2025 NJ-1040 Instructions (Line 12)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=8
values:
2021-01-01: 1_000
2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/exemptions/regular/amount.yaml
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Expand Up @@ -14,6 +14,8 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=8
- title: 2024 NJ-1040 Instructions Line 6
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=8
- title: 2025 NJ-1040 Instructions (Line 6)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=8

breakdown:
- filing_status
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2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/exemptions/senior/age_threshold.yaml
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Expand Up @@ -14,5 +14,7 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=8
- title: 2024 NJ-1040 Instructions Line 7
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=10
- title: 2025 NJ-1040 Instructions (Line 8)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=8
values:
2021-01-01: 65
2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/exemptions/senior/amount.yaml
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Expand Up @@ -14,5 +14,7 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=8
- title: 2024 NJ-1040 Instructions Line 7
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=8
- title: 2025 NJ-1040 Instructions (Line 8)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=8
values:
2021-01-01: 1_000
2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/filing_threshold.yaml
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Expand Up @@ -13,6 +13,8 @@ metadata:
href: https://lis.njleg.state.nj.us/nxt/gateway.dll?f=templates&fn=default.htm&vid=Publish:10.1048/Enu
- title: 2024 NJ-1040 Instructions (filing threshold)
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=5
- title: 2025 NJ-1040 Instructions (Filing Requirements)
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=5

SINGLE:
2021-01-01: 10_000
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4 changes: 3 additions & 1 deletion policyengine_us/parameters/gov/states/nj/tax/income/main/head_of_household.yaml
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Expand Up @@ -3,7 +3,7 @@ metadata:
type: marginal_rate
threshold_unit: currency-USD
rate_unit: /1
label: New Jersey State income tax rates for joint filers
label: New Jersey State income tax rates for head of household filers
reference:
- title: 2022 New Jersey Revised Statutes - Title 54A - New Jersey Gross Income Tax Act Section 54A:2-1 - Imposition of tax
href: https://law.justia.com/codes/new-jersey/2022/title-54a/section-54a-2-1/
Expand All @@ -13,6 +13,8 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=63
- title: 2024 New Jersey Gross Income Tax — Tax Rate Schedules
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=65
- title: 2025 NJ-1040 Instructions - Tax Rate Schedules
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=65
brackets:
- threshold:
1991-01-01: 0
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2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/main/joint.yaml
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Expand Up @@ -13,6 +13,8 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=63
- title: 2024 New Jersey Gross Income Tax — Tax Rate Schedules
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=65
- title: 2025 NJ-1040 Instructions - Tax Rate Schedules
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=65
brackets:
- threshold:
1991-01-01: 0
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6 changes: 4 additions & 2 deletions policyengine_us/parameters/gov/states/nj/tax/income/main/separate.yaml
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@@ -1,9 +1,9 @@
description: Progressive rate schedule for a single filer in New Jersey.
description: Progressive rate schedule for a married filing separately filer in New Jersey.
metadata:
type: marginal_rate
threshold_unit: currency-USD
rate_unit: /1
label: New Jersey State income tax rates for single filers
label: New Jersey State income tax rates for married filing separately filers
reference:
- title: 2022 New Jersey Revised Statutes - Title 54A - New Jersey Gross Income Tax Act Section 54A:2-1 - Imposition of tax
href: https://law.justia.com/codes/new-jersey/2022/title-54a/section-54a-2-1/
Expand All @@ -13,6 +13,8 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=63
- title: 2024 New Jersey Gross Income Tax — Tax Rate Schedules
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=65
- title: 2025 NJ-1040 Instructions - Tax Rate Schedules
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=65
brackets:
- threshold:
1991-01-01: 0
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2 changes: 2 additions & 0 deletions policyengine_us/parameters/gov/states/nj/tax/income/main/single.yaml
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Expand Up @@ -13,6 +13,8 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=63
- title: 2024 NJ-1040 Instructions (line 26)
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=65
- title: 2025 NJ-1040 Instructions - Tax Rate Schedules
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=65
brackets:
- threshold:
1991-01-01: 0
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4 changes: 3 additions & 1 deletion policyengine_us/parameters/gov/states/nj/tax/income/main/surviving_spouse.yaml
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Expand Up @@ -3,7 +3,7 @@ metadata:
type: marginal_rate
threshold_unit: currency-USD
rate_unit: /1
label: New Jersey State income tax rates for joint filers
label: New Jersey State income tax rates for surviving spouse filers
reference:
- title: 2022 New Jersey Revised Statutes - Title 54A - New Jersey Gross Income Tax Act Section 54A:2-1 - Imposition of tax
href: https://law.justia.com/codes/new-jersey/2022/title-54a/section-54a-2-1/
Expand All @@ -13,6 +13,8 @@ metadata:
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=63
- title: 2024 NJ-1040 Instructions (line 26)
href: https://www.state.nj.us/treasury/taxation/pdf/current/1040i.pdf#page=65
- title: 2025 NJ-1040 Instructions - Tax Rate Schedules
href: https://www.nj.gov/treasury/taxation/pdf/current/1040i.pdf#page=65
brackets:
- threshold:
1991-01-01: 0
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13 changes: 13 additions & 0 deletions policyengine_us/parameters/gov/states/nj/treasury/anchor/age_threshold.yaml
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description: New Jersey provides additional benefits under the Affordable New Jersey Communities for Homeowners and Renters program to filers at or above this age.
values:
2022-01-01: 65

metadata:
unit: year
period: year
label: New Jersey ANCHOR senior age threshold
reference:
- title: P.L. 2022 - ANCHOR Program
href: https://www.nj.gov/treasury/taxation/anchor/
- title: ANCHOR Program - How Benefits Are Calculated
href: https://www.nj.gov/treasury/taxation/anchor/calculated.shtml
13 changes: 13 additions & 0 deletions policyengine_us/parameters/gov/states/nj/treasury/anchor/homeowner/income_limit/lower.yaml
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description: New Jersey provides higher benefits under the Affordable New Jersey Communities for Homeowners and Renters program to homeowners with income at or below this amount.
values:
2022-01-01: 150_000

metadata:
unit: currency-USD
period: year
label: New Jersey ANCHOR homeowner lower income threshold
reference:
- title: P.L. 2022 - ANCHOR Program
href: https://www.nj.gov/treasury/taxation/anchor/
- title: ANCHOR Program - How Benefits Are Calculated
href: https://www.nj.gov/treasury/taxation/anchor/calculated.shtml
13 changes: 13 additions & 0 deletions policyengine_us/parameters/gov/states/nj/treasury/anchor/homeowner/income_limit/upper.yaml
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description: New Jersey limits the Affordable New Jersey Communities for Homeowners and Renters program to homeowners with income at or below this amount.
values:
2022-01-01: 250_000

metadata:
unit: currency-USD
period: year
label: New Jersey ANCHOR homeowner income limit
reference:
- title: P.L. 2022 - ANCHOR Program
href: https://www.nj.gov/treasury/taxation/anchor/
- title: ANCHOR Program - How Benefits Are Calculated
href: https://www.nj.gov/treasury/taxation/anchor/calculated.shtml
13 changes: 13 additions & 0 deletions ...us/parameters/gov/states/nj/treasury/anchor/homeowner/non_senior/amount/lower_income.yaml
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description: New Jersey provides this amount to non-senior homeowners with lower income under the Affordable New Jersey Communities for Homeowners and Renters program.
values:
2022-01-01: 1_500

metadata:
unit: currency-USD
period: year
label: New Jersey ANCHOR non-senior homeowner lower income benefit
reference:
- title: P.L. 2022 - ANCHOR Program
href: https://www.nj.gov/treasury/taxation/anchor/
- title: ANCHOR Program - How Benefits Are Calculated
href: https://www.nj.gov/treasury/taxation/anchor/calculated.shtml
13 changes: 13 additions & 0 deletions ...us/parameters/gov/states/nj/treasury/anchor/homeowner/non_senior/amount/upper_income.yaml
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description: New Jersey provides this amount to non-senior homeowners with higher income under the Affordable New Jersey Communities for Homeowners and Renters program.
values:
2022-01-01: 1_000

metadata:
unit: currency-USD
period: year
label: New Jersey ANCHOR non-senior homeowner upper income benefit
reference:
- title: P.L. 2022 - ANCHOR Program
href: https://www.nj.gov/treasury/taxation/anchor/
- title: ANCHOR Program - How Benefits Are Calculated
href: https://www.nj.gov/treasury/taxation/anchor/calculated.shtml
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