New Jersey $1500 Direct Payment Checks: Who’s Eligible?

The ANCHOR program is being paid for the relief by a $2 billion fund. Lawmakers in New Jersey approved the program earlier this year.

The Affordable New Jersey Communities for Homeowners and Renters program aims to help people by giving them tax rebates.

Central Jersey says that about 870,000 homeowners who make less than $150,000 will get a check for $1,500.

Homeowners who have an annual income of between $150,000 and $250,000 will each get a payout of $1,000.

In the meanwhile, 900,000 renters with annual incomes of up to $150,000 will each receive a rebate of $450.

If an American owned a home or rented a property as of October 1, 2019, they are eligible for the relief.

Homeowners can ask for the relief online, over the phone, or by sending an electronic copy of a paper application.

People who live in Garden State and meet the requirements must send in their applications by December 30, 2022.

It is anticipated that payments will be issued in the month of May 2023, and they will either be made through direct deposit or a paper check.