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PROPERTY TAX REIMBURSEMENT (a.k.a. The Senior Freeze) UPDATE

The Property Tax Reimbursement income limit for 2009 for all applicants, whether single, married, or in a civil union, is  $80,000.In mid February 2010 the Division of Taxation will mail applications to residents who may be eligible for a 2009 reimbursement. Form PTR-1 is for first time filers and will also be available at the New Jersey Property Tax Reimbursement Information Web Page.   Form PTR-2 is not available on the Web site.

CALL DIANN, 973-691-2024 IF YOU HAVE QUESTIONS.

SOCIAL SECURITY NEWS RELEASE

With consumer prices down over the past year, monthly Social Security and Supplemental Security Income benefits for more than 57 million Americans will not automatically increase in 2010.  This will be the first year without an automatic Cost-of-Living Adjustment since they went into effect in 1975.

Medicare Changes for 2010

The Medicare Part B premium for 2010 is $96.40. Those who premium may be higher are higher income beneficiaries subject to an income-adjusted part B premium and beneficiaries newly entitled to Part B in 2010.

 

The following chart shows the 2010 Part B premium for single individuals whose income is greater than $85,000  or for couples whose income is greater than $170,000.

If your individual income is

If your joint income is

Your Part B Premium will be

Less than or equal to $85,000

Less than or equal to $170,000

$96.40

Greater than $88,000 but less

 than or equal to $107,000

Greater than $170,000 but less

 than or equal to $214,000

$134.90

Greater than $107,000 but less

 than or equal to $160,000

Greater than $214,000 but less

 than or equal to $320,000

$192.70

Greater than $160,000 but less

 than or equal to $216,000

Greater than $320,000 but less

 than or equal to $426,000

$250.50

Greater than $216,000

Greater than $426,000

$308.30

 

2010 PAAD AND SENIOR GOLD INCOME LIMITS

2010 Information will be provided when it becomes available.

PAAD

SINGLE PERSON

MARRIED COUPLE

$24,432 $29,956

SENIOR GOLD

SINGLE PERSON

MARRIED COUPLE

Between $24,432 and $34,432 Between $29,956 and $39,956