New Jersey’s Division of Taxation has started releasing payments for the ANCHOR (Affordable New Jersey Communities for Homeowners and Renters) program for 2024. The program, designed to provide property tax relief, has accepted applications through December 6, 2024. Now, eligible beneficiaries eagerly await their December stimulus payment, which could reach as high as $1,750.
Let’s dive into everything you need to know, from eligibility and payment timelines to safety tips and how to track your payment status.
What Is the $1750 ANCHOR Stimulus Program?
The ANCHOR program provides financial relief to New Jersey residents struggling with high property taxes. Here’s a quick breakdown:
- Eligibility for Homeowners:
- Income below $150,000: Receive $1,500.
- Senior Citizens (65+): Receive up to $1,750.
- Eligibility for Renters:
- Income below $150,000: Receive $450 to $700.
The payments are designed to assist those who use their property as their primary residence and meet income thresholds.
Applications were accepted both online and via mail, and many previous beneficiaries were automatically re-enrolled.
Payment Timeline and Official Statements
Payments are being released on a rolling basis, starting in November. According to the Division of Taxation’s official statement:
“We are distributing ANCHOR benefits and will continue on a rolling basis. Most applicants will receive their payment about 90 days after applying, unless additional information is needed to process the application.”
This means that if you applied for the program in time, you could expect your payment approximately three months from the date of your application.
How to Check the Status of Your Payment
If you’re waiting for your payment, here’s how you can track its status:
- Visit the Official ANCHOR Page: nj.gov/treasury/taxation/anchor
- Scroll Down: Click on “Check Benefit Status.”
- Select the Benefit Year: Choose 2024.
- Enter Your Details: Input your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) and ZIP code.
- View Your Status: The system will indicate whether your application is being processed or if there is no record of it.
Alternatively, you can call the ANCHOR hotline for assistance:
- (888) 238-1233
- (609) 826-4282
Safety Tips: Avoid Scams
The Division of Taxation has warned residents about potential scams targeting ANCHOR applicants. Scammers may send fraudulent emails or text messages requesting personal information.
- What to Look Out For:
- Requests for personal details via email or SMS.
- Messages from unverified sources.
- How to Stay Safe:
- Only update information through official channels or contact numbers.
- Do not click on suspicious links.
Report any fraudulent activity to the official New Jersey Taxation Department immediately.
FAQs on the $1750 Stimulus Check
1. Who is eligible to receive the payment?
Residents of New Jersey who meet specific income and property requirements are eligible.
2. How long will it take for the payment to be received?
Most payments are processed within 90 days of application submission.
3. Where can I find reliable updates?
Visit the ANCHOR program page on the New Jersey government website.
4. Can I apply for multiple programs?
Check eligibility for each program separately; some residents may qualify for multiple assistance programs.
Key Highlights for Beneficiaries
- Maximum Payment: Up to $1,750 for eligible senior homeowners.
- Application Deadline: December 6, 2024 (now closed).
- Payment Schedule: Rolling basis; most payments within 90 days.
- Check Status Online: Convenient tracking on the official ANCHOR page.
By understanding the ANCHOR program’s timeline and using the tools provided, you can stay updated and ensure a smooth process to receive your benefits.
