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.