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Is the homestead rebate (property tax reimbursement, FAIR rebate, NJ SAVER rebate) taxable?

April 26, 2017fair homestead NJ rebate Reimbursement saver taxable

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Is the homestead rebate (property tax reimbursement, FAIR rebate, NJ SAVER rebate) taxable?

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For New Jersey gross income tax purposes the homestead rebates, property tax reimbursement payments, FAIR rebates, and NJ SAVER rebates are not taxable, and should not be reported on the New Jersey gross income tax return. For information on the taxability of these payments for Federal income tax purposes read the recent IRS News Release.