That one time the government sent Americans some shmoney was a GREAT TIME in history.
Stimulus payments are back, but only for certain parts of the east coast. Although the pandemic has become more bearable, Americans are dealing with a tough financial crisis with rising inflation costs.
CNBC reports 63% of workers across the country live paycheck to paycheck. Everything you need to know about stimulus payments, according to applicable states.
NJ is offering the ANCHOR program, which stands for Affordable New Jersey Communities for Homeowners and Renters. Homeowners with a total income of up to $150,000 will receive $1,500. Households with incomes above $150,000 and below $250,000 will receive $1,000. If eligible, renters making under $150,000 may receive $450.
If this applies to you, you must fill out the application with the state’s Division of Taxation by December 30. Payments will go out in the spring of 2023.
Families/parents can receive a child tax rebate. The program provides a rebate of $250 per child (up to three children), or $750 total per family.
To be eligible, you must be a RI resident for all of 2021, and children must still be 18 years of age by December 31. Income limits apply: $100,000 for individuals and $200,000 for couples filing jointly. Yahoo points out, “Checks were mailed out in early October for those that filed a 2021 tax return by August 31, and will be sent on a rolling basis for those who filed a return by October 17. The deadline has since closed, but some residents may still be waiting on checks.”
Low-income homeowners and renters are getting some financial relief. The article reports, “Most benefits will be pegged at $650 (if you haven’t applied yet already), though some homeowners will see up to $975 based on age, widow/widower status and disabilities. A bonus, one-time rebate may be delivered to claimants who’d filed for the maximum $650 rebate previously, up to $415.”
Checks reportedly went out in September and are still being given out. You must complete the application before the December 31 deadline if it applies to you.
Good news if you’re 18 and up, you automatically qualify for a one-time $300 check. To receive the money, you must be a resident of Delaware as of December 31, 2021. In addition, you have to apply for it. The deadline is November 30 and there are other requirements.
We’ll keep you updated if there are any more stimulus announcements.