$1750 Stimulus Check October 2024: Check Eligibility and How to Apply

New Jersey Residents to Receive $1,750 Stimulus Checks Through ANCHOR Program.

New Jersey residents are set to receive financial relief through the ANCHOR (Affordable New Jersey Communities for Homeowners and Renters) program, which aims to assist with property taxes and housing costs.

Eligible homeowners and renters can receive up to $1,750 in stimulus checks, with the application deadline set for November 30, 2024.

Program Details

The ANCHOR program is designed to provide much-needed financial support to New Jersey residents facing economic challenges. The program replaces the previous Homestead Benefit and offers higher payouts to a broader range of residents.

Eligibility Criteria

To qualify for the ANCHOR program, applicants must meet the following criteria:

Homeowners:

Must have been a New Jersey resident and owned and occupied a home in New Jersey as their principal residence on October 1, 2021. The 2021 property taxes must have been paid on that home, and the 2021 New Jersey gross income must not exceed $250,000.

Renters:

Must have been a New Jersey resident, rented and occupied a residence in New Jersey as their principal residence on October 1, 2021, and paid rent. The rental property must have been subject to local property taxes, and the 2021 New Jersey gross income must not exceed $150,000.

Application Process

Eligible residents must apply for the ANCHOR benefit by November 30, 2024. The New Jersey Division of Taxation started distributing payments in early October, and most applicants are expected to receive their payments within 90 days of applying.

How to Apply

Residents can apply for the ANCHOR program online through the New Jersey Division of Taxation website. The website provides detailed instructions on eligibility requirements, filing information, and how to check the status of your benefit.

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