The New Jersey ANCHOR Program is a big relief for homeowners and renters, offering financial help to ease the property tax burden. Those who applied before the December 6, 2024 deadline are eagerly waiting for their payment. With thousands of applications already in, many people are looking forward to this much-needed boost to manage their expenses.
If you’re wondering when and how payments will be processed, here’s everything you need to know about eligibility, payment timelines, and checking your status.
Who Qualifies for the ANCHOR Payment?
The ANCHOR Program focuses on helping homeowners and renters with payments that vary depending on your income.
Payment Eligibility for Homeowners:
- Income up to $150,000 – You’ll receive $1,750
- Income between $150,001 and $250,000 – You’ll receive $1,000
Payment Eligibility for Renters:
- Income up to $150,000 – You’ll receive $450
Additionally, seniors 65 and older will receive a bonus payment of $250.
Important Deadlines and Payment Processing
- The last day to apply was December 6, 2024.
- Payments are being sent out on a rolling basis, so some recipients may get their checks before others.
- Typically, it takes up to 90 days after processing for payments to be delivered.
If you received an ANCHOR payment before, you may be automatically enrolled for this round, making it even easier to get your stimulus.
How Will You Get Paid?
Eligible residents will receive their payments either as a direct deposit to their bank account or as a mailed check, depending on the preference provided during the application.
How to Track Your Stimulus Payment
If you’re anxious to find out when your money is coming, the New Jersey Division of Taxation has made it simple to track your payment:
- Visit the New Jersey Division of Taxation website.
- Use the online benefit status checker to see your payment status.
- Have your Social Security or ITIN number ready.
- Enter your zip code for verification.
For additional help, you can contact customer support for more guidance.
Special Considerations
- Senior citizens and people receiving disability benefits are eligible for extra payments.
- Non-citizens with valid residency may also qualify under certain conditions.
What This Means for You
The $1,750 ANCHOR Stimulus Payment aims to bring financial relief and ease the property tax burden for New Jersey residents. If you’ve applied and meet the eligibility requirements, patience is key as payments are being distributed over the next few months. Tracking your payment and staying informed will help ensure you don’t miss out on this valuable assistance.
(Source : matikimahima.in)
