New Jersey residents have the opportunity to receive a $1750 stimulus check through the ANCHOR program. This initiative aims to provide property tax relief for eligible homeowners and renters. However, not everyone qualifies for this benefit. Let’s dive into the details and explain how you can collect your $1750 stimulus check.
What is the ANCHOR Program, and Who Can Collect This Stimulus Check?
What is ANCHOR?
The Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) program is designed to ease the financial burden of property taxes. Homeowners may receive between $1,000 and $1,500, depending on their income, while renters can get up to $450. This program specifically targets property tax relief and is separate from federal stimulus checks.
Who Qualifies?
To qualify for the $1750 stimulus check, certain criteria must be met:
- Residency: You must be a resident of New Jersey.
- Homeownership: Homeowners need to have paid taxes on their primary residence for the fiscal year.
- Renters: Renters must have rented a home in New Jersey during the designated aid period and have an income below $150,000 annually.
Additionally, if you missed the application deadline of December 6th of the previous year, you are not eligible. For those who applied on time, payments will be made in stages throughout 2025.
How Much Will You Receive?
| Income | Homeowners Amount | Renters Amount |
|---|---|---|
| Below $150,000 | $1,500 | $450 |
| $150,000 – $250,000 | $1,000 | – |
When Will You Receive the Stimulus Check?
Payments for the $1750 stimulus check will begin in December 2024 and continue through 2025. Most checks arrive about 90 days after the application is submitted, as long as your information is accurate.
What If You Had Already Received This Aid Last Year?
If you received this benefit last year, you are likely automatically enrolled. Homeowners receive a green color code, while renters receive a purple code.
Delays and Support
If your check is delayed, it could be due to additional information needed or a slower validation process. You can contact the New Jersey Department of Revenue for assistance.
FAQ’s
Who is eligible for the $1750 stimulus check in New Jersey?
Homeowners and renters who meet specific income requirements and are residents of New Jersey are eligible for the $1,750 stimulus check.
When will I receive my $1750 stimulus check?
Payments for the $1,750 stimulus check will start in December 2024 and continue throughout 2025. Most checks are delivered within 90 days after the application.
What should I do if my check is delayed?
If your check is delayed, contact the New Jersey Department of Revenue for more information or assistance with your payment.