$1750 Stimulus Check: How to Qualify for New Jersey’s ANCHOR Stimulus Checks

The ANCHOR (Affordable New Jersey Communities for Homeowners and Renters) program offers valuable property tax relief to New Jersey residents, with stimulus checks of up to $1,750 available for eligible participants. However, not everyone qualifies, as the program has specific requirements and a structured payment schedule. Here’s everything you need to know about the ANCHOR program, including eligibility, payment details, and how to address delays.

What Is the ANCHOR Program?

The ANCHOR program is a New Jersey state initiative designed to offset the burden of property taxes for residents. Through this program:

• Homeowners can receive $1,000 to $1,500 based on their income.
• Tenants can receive up to $450.

The program specifically targets individuals who meet certain criteria related to residency, income, and primary home ownership or rental.

Eligibility Criteria for the ANCHOR Program

To qualify for ANCHOR payments, applicants must meet the following requirements:

1. Residency: Applicants must be residents of New Jersey.
2. Homeowners:
   • Must have paid property taxes on their primary residence during the relevant fiscal year.
   • Vacation homes or rental properties used as income sources do not qualify.
3. Tenants:
   • Must have rented a home in New Jersey during the relevant assistance period.
   • Annual income must not exceed $150,000.
4. Income Thresholds for Homeowners:
   • Income under $150,000 qualifies for a $1,500 payment.
   • Income between $150,000 and $250,000 qualifies for a $1,000 payment.

Important Deadline

Applications for the 2024 payments had to be submitted by December 6, 2023. Late submissions are not accepted. If you met the deadline and all requirements, you are on the payment list, but checks are issued on a staggered schedule.

When Will You Receive the Stimulus Check?

Payments under the ANCHOR program will begin disbursing in December 2024 and continue through 2025. Timing varies based on:

• Application Date: Most checks are sent within 90 days of the application’s submission.
• Verification Process: Delays may occur if there are discrepancies or missing information in your application.

For those who received ANCHOR payments previously, many homeowners have been automatically enrolled, streamlining the process. First-time applicants will receive a letter by mail indicating their status:

• Homeowners: Green color code.
• Tenants: Purple color code.

What Makes the ANCHOR Program Unique?

Unlike federal stimulus checks, ANCHOR payments specifically address property tax relief. The program alleviates the financial burden of property taxes, which are among the highest in the nation. For tenants, the $450 payment provides modest relief for rental costs, ensuring renters benefit alongside homeowners.

What to Do If Your Check is Late

While most applicants receive their checks within 90 days, delays can occur. If your check is late:

1. Verify Your Information: Ensure your application details, such as residency, income, and SSN, were submitted accurately.
2. Contact the New Jersey Department of State: Reach out to the Department to inquire about the status of your payment. Be prepared to provide any additional information if requested.

The ANCHOR program is an important resource for New Jersey residents, offering substantial relief to homeowners and renters alike. By understanding the eligibility criteria, application process, and payment schedule, you can ensure you receive the benefits you qualify for. If you’ve applied, keep an eye on updates and contact the state if you encounter delays.

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