Track Your IRS Tax Refund or Rebate: Where’s My ANCHOR Check?

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ago 50 minutes

Track Your IRS Tax Refund or Rebate: Where’s My ANCHOR Check?

New Jersey is known for having the highest property taxes in the United States. The state’s property tax system is complex, with funds primarily allocated to local services, schools, and municipal needs.

Understanding New Jersey’s Property Taxes

The property tax rates in New Jersey have become a significant burden for many residents. Homeowners and renters alike can benefit from the Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) program, which offers substantial tax relief.

ANCHOR Program Details

The ANCHOR program provides financial assistance to qualifying property owners and renters. The program offers:

Up to $1,750 for homeowners aged 65 and older.
Up to $1,500 for homeowners younger than 65.
Up to $700 for renters aged 65 and older.
Up to $450 for renters younger than 65.

The deadline for applying online was October 31. Residents are encouraged to apply promptly to maximize their benefits.

Tracking Your ANCHOR Payment

Payments for the ANCHOR rebate began on September 15 and will continue to be distributed on a rolling basis. Residents can expect payments within 90 days of filing their applications. Direct deposits are typically faster for online filers, while those who filed via paper checks may experience longer wait times.

To check the status of your ANCHOR rebate, visit the New Jersey Division of Taxation’s website. You will need to provide your Social Security number or individual taxpayer identification number along with your ZIP code. For further assistance, you can call 888-238-1233.

IRS Tax Refund and Rebate Tracking

For those inquiring about their federal tax refunds, the IRS provides an easy way to check the status. If you e-filed and included your banking details, expect a direct deposit within 21 days. Those without banking information may receive a paper check through the mail, which could take 6-8 weeks.

Using IRS Tools

The IRS has a user-friendly tool called “Where’s My Refund?” that helps taxpayers track their refund status. You can begin checking the status within 24 hours of e-filing. The tool updates refund statuses daily. To use it, you’ll need to enter:

Your Social Security number.
Your filing status.
The exact refund amount as reported on your return.

State Tax Refunds

Many states offer dedicated portals for tracking income tax returns. In New Jersey, you can check the status of your state tax refund through the New Jersey Division of Taxation website.

Future Stimulus Payments

There is ongoing speculation about a fourth stimulus check, but no official announcements have been made by Congress or the IRS. The previous stimulus checks provided up to $1,400 per qualifying individual and had specific deadlines for claims.

For any unresolved issues regarding past stimulus payments or for claiming Recovery Rebate Credits, it’s advisable to contact the IRS directly or consult a tax professional.