If you have already received all economic impact payments from IRSit’s time to look for an alternative stimulus check. It doesn’t matter if it comes in the form of a tax credit, a tax credit, or a guaranteed income program.
In this case, pay special attention if you live in New Jersey. Some eligible beneficiaries in this state may receive a stimulus check valued at $1,500. This payment is part of ANCHOR’s 2024 tax relief program.
ANCHOR stands for New Jersey Affordable Communities for Owners and Renters. While some beneficiaries may have received theirs money as of January 2, 2024, others may still be waiting for their money.
IS IT POSSIBLE TO APPLY FOR THE NEW JERSEY STIMULUS CHECK?
According to the official website of the state of New Jersey for the tax department, the deadline for filing was December 29, 2023. Therefore, you can no longer apply for this free money. But when will stimulus check payments arrive if eligible?
You are more than likely to get yours stimulus check about 90 days after submitting your application. However, it may take longer if the tax department requires additional information.
This program will be of great financial support to these citizens New Jersey who own or rent property. For your information, there are a few requirements that you need to fulfill first.
Just like any other payment, this stimulus check it is not for everyone. Note that there is a scam alert. So don’t open any emails or text messages that look suspicious. Scammers may want to steal your identity.
WHO IS NOT ELIGIBLE FOR THIS PAYMENT IN NEW JERSEY?
If your gross income is over $150,000 (renters) or $250,000 (homeowners) in 2020, you are not eligible stimulus check. Note that the New Jersey IRS has set maximum amounts based on your age.
What more, home owners and tenants may not receive the same amounts. For example, if you are a home owner, you can get up to 1500 dollars if you are 64 or younger. Tenants can receive up to $700 if they are 65 or older, or up to $450 if they are under 65.
It can go up to $1,750 if you’re a homeowner and age 65 or older. The higher your gross income, the lower your payment will be. If you don’t get your stimulus check on time, you must do this.
Contact the tax department so they can find out why you have not received your ANCOR benefit payment. They claim that you can contact them at if you do not get this compensation by January 12, 2024.