$1,500 Tax Rebate To Be Given As A Direct Payment From ANCHOR Program

Millions of New Jersey citizens can apply for up to $1,500 direct payment as part of the Affordable New Jersey Communities for Homeowners and Renters or ANCHOR program.

ANCHOR Program 

The tax rebate that renters and homeowners can acquire is worth between $450 and $1,500, but around 500,000 eligible residents of the state haven’t applied yet and they only have until February 28, so authorities are encouraging everyone with eligibility to join the more than 1.5 million applications that have already been submitted.

Here’s When The ANCHOR Program Release The Tax Rebate

Those that successfully present their applications will have their payments sent via direct deposit sometime in the spring, Melinda Caliendo, spokeswoman for the New Jersey Monitor, from the state’s Treasury guaranteed, but wouldn’t give a precise date for the tax rebates to go out.

Homeowners that have an income lesser than $150,000 will obtain $1,500 while those with an income between $150,000 and $250,000 will receive $1,000. Moreover, renters with an income of less than $150,000 will get a payment worth $450.

Here Are Some ANCHOR Program Frequently Asked Questions (FAQs)

• When is the ANCHOR program application due date?The ANCHOR program’s deadline is February 28, 2023.Note: The ANCHOR program is different from the Senior Freeze program.
• Who is eligible for the ANCHOR program?ANCHOR eligibility is as follows:
  • New Jersey homeowners with a salary of $150,000 or less will acquire $1,500.
  • New Jersey homeowners with an income of more than $150,000 and up to $250,000 will receive $1,000.
  • New Jersey residential renters with an income of $150,000 or less will obtain $450. You must have paid rent to be eligible.
• Is there an age limit for ANCHOR?No, there is no age limit for The ANCHOR program
• Is the process of filing for ANCHOR different from Homestead?If you were previously part of the Homestead Benefit program, you can differentiate that the application process is almost the same, if not more streamlined than before.
• How do homeowners apply?Homeowners require an ANCHOR ID and PIN to apply online or by phone. If you did not acquire a mailer or email with an ID and PIN but filed a Homestead Benefit application last year, just access the online ID and PIN inquiry system to recover your ID and PIN. Some homeowners should file a paper application for the reasons listed below.Apply Online or Apply by phone: 1-877-658-2972

  If you must file a paper application, you can print Form ANCHOR-H  and mail it together with any required supporting documents.

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