Nj Anchor Benefit 2024 Amount 2024. The payment amount increased that year for seniors — up to $1,750 for senior homeowners and $700 for renters, as laid out in the fiscal year 2024 budget. 1, 2024, to those who meet the eligible requirements outlined in the anchor benefit confirmation letter.

Letters will be mailed to around 1.5 million residents to confirm their eligibility for this season’s benefit. Most applicants will receive their payment about 90 days after applying, unless additional information is needed to process the application.