The ANCHOR Program (Affordable New Jersey Communities for Homeowners and Renters) has begun processing applications for 2025, and many New Jersey residents are eagerly awaiting their stimulus payments. If you’ve applied, you could be eligible for up to $1,750, depending on your situation. Wondering when your payment will arrive? Here’s a detailed look at the payment timeline and how to check the status of your benefits.
What is the ANCHOR Program and How Much Can You Get?
The ANCHOR Program is designed to offer financial relief to New Jersey residents struggling with property taxes. In 2025, the program will provide one-time payments ranging from $450 to $1,750 for eligible homeowners and renters. The amount you receive depends on your income and whether you’re a homeowner or renter.
- Homeowners:
- Income under $150,000: $1,500
- Homeowners aged 65 or older: $1,750
- Renters:
- Payment amounts vary, but they typically range from $450 to $700.
To qualify for the program, you must meet certain income thresholds and use the property as your primary residence.
When Can You Expect Your $1,750 Stimulus Payment?
Once you’ve submitted your application for the ANCHOR program, your payment is generally processed on a rolling basis, starting in November 2024. According to New Jersey’s Division of Taxation:
- Most applicants will receive their payment within 90 days of submission, provided there are no issues or missing information in their application.
- If additional information is needed to complete the process, payments may take longer.
It’s important to keep track of your application status to know when to expect your funds.
Also Read – Why 67-Year-Old Retirees Won’t Receive $1,800 Social Security Payment in January 2025
How to Track Your ANCHOR Benefit Status
Even though payments are issued within 90 days, you can always check the status of your application. Follow these steps to stay informed:
- Visit the official ANCHOR page: nj.gov/treasury/taxation/anchor
- Scroll to the “Check Benefit Status” section.
- Choose the benefit year you want to check.
- Enter your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) and your ZIP code.
- The system will notify you if your application is still processing or if there are issues.
For those unfamiliar with the online process or needing further assistance, you can also reach the ANCHOR hotline at:
- (888) 238-1233 or (609) 826-4282
They can help you track your payment status or address any concerns.
Warning: Be Cautious of Scammers
As with any government program, scammers are looking for ways to exploit applicants. The New Jersey Division of Taxation has warned residents about fraudulent attempts to collect personal information. The department does not ask for sensitive details like Social Security numbers, passwords, or bank information through email or SMS.
If you receive any unsolicited messages requesting personal data, do not respond or click on any links. Always verify through official channels. If you need to update your information, expect official communications via the state’s secure contact methods.
Frequently Asked Questions
Who is eligible for the $1,750 stimulus payment?
Residents of New Jersey who meet certain income and housing requirements are eligible for the ANCHOR benefits. Check your eligibility based on income and whether you’re a homeowner or renter.
How can I stay updated on the status of my payment?
You can check your payment status online through the ANCHOR program page or contact customer support for assistance.
Also Read – US Government Recovers $31 Millions in Social Security Overpayments to Dead Beneficiaries
Can I apply for multiple state assistance programs?
It depends on the program and its eligibility criteria. Be sure to review the requirements for each program to determine if you qualify for more than one benefit.
When will I receive my $1,750 stimulus payment?
Payments are typically issued within 90 days of your application being approved. Keep an eye on your application status for more precise information.
In summary, the ANCHOR program continues to be an essential resource for property tax relief in New Jersey. Stay informed about your application status and beware of fraud. By following the proper steps, you’ll be able to track your payment and receive the assistance you’re entitled to.
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