$1,750 Stimulus Checks Are On Their Way – Check If You’re Eligible for this Payment

New Jersey is stepping up with real relief for residents feeling the squeeze of high property taxes and rising housing costs. In March 2025, the state will begin distributing stimulus checks of up to $1,750 through the Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) Tax Relief Program.

With over one million residents expected to benefit, this initiative is a big move toward helping families stay financially stable—and in their homes.

Overview

The ANCHOR program is one of the state’s largest housing relief efforts, aimed at reducing the impact of property taxes and rent for qualifying homeowners and renters. Whether you’re in a bustling city or a quiet suburb, this program offers much-needed financial support.

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Homeowners earning less than $250,000 can get the full $1,750. Renters earning under $150,000 are eligible for up to $700. These limits ensure the relief targets middle- and lower-income households that often bear the brunt of rising living costs.

Eligibility

To qualify, applicants must:

• Have been a New Jersey resident on October 1, 2024
• Own or rent their primary home as of that date
• Meet the income threshold for their category

If you’ve received ANCHOR benefits before, you may have been automatically re-enrolled. That means you don’t need to reapply if your circumstances haven’t changed—a major convenience.

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Application

The deadline to apply was November 30, 2024. Applicants could submit forms online through the New Jersey Division of Taxation website or by mail. Those who met the deadline and provided all necessary information are now in line to receive their payments.

If you missed it, don’t worry—New Jersey frequently runs similar programs. Start gathering key documents now (like proof of income and residency) so you’re ready next time.

Distribution

Payments are going out in waves starting March 2025, and the state is using two methods:

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• Direct Deposit: Over 900,000 residents who provided banking info will get their money faster via direct deposit.
• Paper Checks: Around 100,000 checks will be mailed to those who didn’t provide bank details.

The state is also prioritizing those who were auto-filed from previous years to speed up processing. Most people should receive their money within 90 days of approval, barring any issues.

Missed the Deadline?

If you didn’t apply this time, you still have options:

• Check the New Jersey Division of Taxation site regularly for updates.
• Look into other property tax relief programs like deductions for seniors, veterans, or the disabled.
• Prepare early for the next cycle—applications usually reopen annually.

Impact

The ANCHOR program doesn’t just help individuals—it boosts the entire economy. In the previous round:

• Over $2.1 billion was distributed to 1.8 million residents.
• Families used the payments for essentials like rent, groceries, and utility bills.
• Local businesses benefited from increased spending.

Beyond the short term, these payments help stabilize housing markets and reduce the risk of eviction or foreclosure. For many families, that peace of mind is priceless.

Looking Ahead

With the housing crisis still looming, there’s hope that ANCHOR will not only continue but grow. State leaders, including Governor Phil Murphy, have signaled their intent to keep supporting families through expanded tax relief.

But staying informed and involved is key—residents are encouraged to follow local policy updates and advocate for more programs like this.

By giving homeowners and renters a fighting chance, New Jersey is making a strong statement: everyone deserves a place to call home, without being crushed by housing costs.

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