The ANCHOR Tax Relief Program 2024 in New Jersey will distribute stimulus checks of $1,500 tomorrow January 10th. The program aims to provide financial assistance to individuals who meet specific income, residence, and homeownership criteria.
Homeowners who owned houses in 2019 and had a combined income of $150,000 or less in 2023 will receive the $1,500 rebate. Homeowners with family incomes between $150,001 and $250,000 will be eligible for a $1,000 benefit. Renters with 2019 tax returns showing incomes of $150,000 or less can expect to receive a $450 stimulus check.
The program is inclusive and caters to residents in special circumstances, such as those in assisted living facilities or individuals who have experienced significant life changes. There are no age restrictions or prerequisites for eligibility. The application period for the program was from October 12, 2023, to December 29, 2023.
Payments will be made in January, and individuals can choose to receive their benefit by paper check or direct deposit. The ANCHOR program is part of the Affordable New Jersey Communities for Homeowners and Renters initiative and is supported by the New Jersey Government. It aims to provide much-needed financial support to eligible individuals and alleviate the burden of high living expenses.
