In most cases you get the NJ Homestead Benefit as a credit on your property tax bill. It's usually credited twice a year, for the May and November payments, not quarterly.
You do not enter the Homestead Benefit in your federal tax return. But if you are itemizing deductions you can only claim the amount of property tax that you actually paid.
In your New Jersey tax return, when you enter the amount of property tax that you paid, if you received the Homestead Benefit as a credit on your property tax bill, enter the amount you actually paid plus the Homestead Benefit. But if you received the Homestead Benefit as a check, enter only the amount of property tax that you actually paid.
