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$1,500 Money You Only Have A Few Weeks To Claim Direct Payments – see if you are qualified

Homeowners and renters have until the end of January to claim a $1,500 tax credit.

New Jersey has extended the deadline for the application for its ANCHOR from December 30 2022 to January 31, 2023, property tax rebate program.

Who Is Qualified?

Here are the residents who are eligible for ANCHOR, or the Affordable New Jersey Communities for Homeowners and Renters program, and how much amounts they will receive.

– Homeowners who made $150,000 or less are due $1,500.

– Homeowners who made an amount between $150,000 and $250,000 are due $1,000.

– Renters who earn $150,000 or less are due $450.

And also, keep in mind that eligibility is determined by your 2019 not 2020 or 2021 income.

How To Apply And When Will You Receive It

They are urging homeowners to apply online, but they can also submit an application by mail or over the phone. Homeowners also have to present their PIN and ANCHOR ID application online or over the phone.

Meanwhile, the renters can only apply via mail or online and they don’t have an ID or PIN to present. You can go and choose to be sent a direct deposit or a check in the mail.

The state is aiming to process all payments by no later than May 2023. The applications will not be processed on a first-come, first-serve basis. For more about the program, the New Jersey Division of Taxation has more details for you.

READ ALSO: $1,827 And $4,194 Automatic Payments Are About To Go Out, Here’s What You Should Know

 

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