New Jersey residents may be eligible to receive a $1500 stimulus check as part of the Anchor property tax relief program to eligible homeowners and a $450 benefit for qualifying renters, started being mailed on January 10, 2024.
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$1500 Stimulus Check
The $1500 stimulus check is a one-time rebate that is part of the ANCHOR Tax Relief Program 2024, which provides property tax relief to eligible New Jersey residents who own or rent property in the state as their main residence.
The $1500 stimulus check for eligible New Jersey residents will be distributed on January 10, 2024. New Jersey has initiated the ANCHOR Tax Relief Program, providing a one-time $1500 stimulus check to eligible homeowners and a $450 benefit for qualifying renters.
$1500 Stimulus Check Eligibility
Here’s the eligibility criteria for both homeowners and renters in New Jersey’s ANCHOR program:
Homeowners:
- Must have owned a home in New Jersey in 2019. This means you were the legal owner of the property as of January 1, 2019.
- Combined household income in 2023 must be $150,000 or less. This includes income from all members of your household who file taxes together.
- No income cap applies if your household income in 2023 was $150,000 or less. You will receive the full $1500 benefit.
- If your household income in 2023 was between $150,001 and $250,000, you will receive a $1000 benefit.
Renters:
- Must have lived in New Jersey as your primary residence on October 1, 2019.This means your legal domicile (permanent home) was in New Jersey on that date.
- Individual income in 2019 must be $150,000 or less. This applies to your individual income earned in 2019, regardless of your marital status.
- No income cap applies if your individual income in 2019 was $150,000 or less. You will receive the full $450 benefit.
$1500 Stimulus Check Benefit Amount
The benefit amount you receive under New Jersey’s $1500 Stimulus Check (ANCHOR program) depends on your income and property ownership status:
Homeowners:
- Full $1500 benefit: If your combined household income in 2023 was $150,000 or less.
- $1000 benefit: If your combined household income in 2023 was between $150,001 and $250,000.
- No benefit: If your combined household income in 2023 was above $250,000.
Renters:
- Full $450 benefit: If your individual income in 2019 was $150,000 or less.
- No benefit: If your individual income in 2019 was above $150,000.
$1500 Stimulus Check Payment Methods
The ANCHOR program offers two convenient options for receiving your $1500 stimulus check (or $450 for renters):
Direct Deposit:
- Faster and Preferred Method: Direct deposit is the quickest and most reliable way to receive your ANCHOR payment. Funds are directly deposited into your designated bank account, typically within a few business days of processing.
- How to Choose: During the online application process, you’ll be prompted to enter your bank account information and confirm your desire for direct deposit.
Paper Check:
- Traditional Option: If you prefer receiving a physical check or lack access to a reliable bank account, you can choose this option.
- Delivery Timeframe: Checks are mailed to the address you provided in your application. Allow several weeks for delivery after your application is processed.
How to check the status of a $1500 stimulus check?
Check the status of your $1500 stimulus check (ANCHOR payment) in New Jersey, by going through the procedure below.
Review Your Email and Mail:
- The Division of Taxation will email or mail you about your eligibility and payment method.
- Emails indicate direct deposit; letters provide check delivery timeframes.
Call the ANCHOR Program Hotline:
- Call (877) 658-2972 for general updates on check mailing and potential delays.
- Have your Social Security number and application confirmation number ready.
Check Your Online Account (Limited Functionality):
- If you applied online, view basic application status on the Division of Taxation website.
- Specific tracking portals aren’t available.
What if you did not receive a $1500 stimulus check?
If you did not receive your $1500 stimulus check after two week of January 10, 2024, you can take the following steps:
- Verify Eligibility: Ensure that you meet the eligibility criteria for the $1500 stimulus check, which includes factors such as income, residency, and age.
- Check Payment Status: Visit the New Jersey Division of Taxation website to use the online tracking tool and verify the status of your payment.
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