$1750 ANCHOR Payment in NJ: When Will You Receive Your Stimulus Check?

The Division of Taxation in New Jersey has accepted online applications for the ANCHOR Program until December 6, 2024.

Now, the authorities are preparing to release the December 2024 payments directly into the bank accounts of eligible beneficiaries.

If you have already submitted your application, you are likely to receive the $1750 stimulus payment.

Read on to find out how long you will have to wait to receive the ANCHOR payment in New Jersey, including updates from official sources, payment dates, and more.

What is the $1750 Stimulus Payment in New Jersey?

The Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) Program is designed to provide financial assistance to New Jersey residents through property tax relief.

For 2024, the program offers one-time payments to eligible homeowners and renters based on income and age.

Eligible homeowners earning less than $150,000 can receive $1,500, while homeowners aged 65 and above can receive $1,750.

Renters can also receive payments based on their income and eligibility. The goal of the ANCHOR program is to help those who use their property as their primary residence.

Applications for the ANCHOR program were accepted online or through mail. Many previous recipients are also eligible for automatic filings.

The deadline for new applications was December 6, 2024, and payments will be distributed in batches starting in November.

Official Statement on New Jersey’s $1750 Stimulus Payments

According to an official statement from the Division of Taxation, the agency has begun distributing the ANCHOR benefits.

The payments will continue on a rolling basis. Most applicants can expect to receive their payments about 90 days after they submit their applications, provided no additional information is required to process their claims.

However, if the state requires more details from an applicant to finalize their application, it might take longer for them to receive the payment. The program aims to ensure that eligible residents get the benefits as quickly as possible.

How to Check the Status of Your ANCHOR Benefits?

While the state aims to release payments within 90 days of application submission, applicants can check their payment status at any time online.

If you are waiting for your December payment, follow these simple steps to track your application:

1. Visit the ANCHOR info page: nj.gov/treasury/taxation/anchor
2. Scroll down and click on “Check Benefit Status.”
3. Choose the benefit year you want to check.
4. Enter your Social Security Number or Individual Taxpayer Identification Number (ITIN) and your zip code.

The system will show if your application is still processing or if there is no record of your application.

If you are not comfortable with online processes, you can call the ANCHOR customer support hotline for assistance. The contact numbers are:

• (888) 238-1233
• (609) 826-4282

Beware of Scammers

With the release of the ANCHOR payments, it is important to be cautious of scams. The Department of Taxation in New Jersey has warned residents that they will never ask for personal information via email or text messages.

If you receive unsolicited emails or texts asking for personal details, do not respond or click on any links. Always rely on official communication channels or visit the official website to verify any information.

If you are required to update any details for your application, official instructions will be provided through authorized sources. Protect your personal information and be aware of potential fraud attempts during this time.

Conclusion

The $1750 ANCHOR stimulus payment is an important initiative to help New Jersey residents cope with property taxes.

With the deadline for new applications having passed, the state is now processing payments on a rolling basis.

Most applicants will receive their checks within 90 days, but there may be some delays if additional information is needed.

To track your payment status, simply visit the official website or call the customer support hotline. Stay cautious of scams and only rely on trusted sources for updates.

Source

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