$1,750 Cash Payouts Start Sept. 15 in One State: Find Out Who Gets Paid First!

If you live in this state, you might be receiving some additional cash rebates soon. Although the federal tax season has ended, with rebates and tax credits distributed, there are still upcoming state-specific rebates and credits, depending on your location. These might be due to tax surpluses, established rebate programs, and varying state income tax schedules compared to the federal timeline.

Understanding State Tax Liabilities

Federal income tax often overshadows state taxes because it applies universally across the U.S., requiring all earning individuals to file a return with the IRS. Although filing doesn’t always mean you owe taxes—depending on whether your earnings exceed certain thresholds—it’s necessary for claiming any rebates or credits. Here are the criteria for needing to file:

• Your gross income exceeds $14,600 if you’re under 65 and filing singly
• You’ve earned more than $400 from self-employment

Besides federal tax, some states also impose a state income tax, except for Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. These states, however, compensate through higher sales, property, or other taxes.

Possible Rebates for New Jersey Residents

For those residing in New Jersey, state income tax is still a given, but qualifying homeowners and renters might see new tax rebates from the Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) program, aimed at reducing property taxes. The New Jersey Division of Taxation has set an application deadline of October 31, with initial payments for those who have applied starting on September 15. Eligibility for these rebates requires:

• Being a New Jersey resident since at least the previous October
• A 2024 gross income of no more than $250,000 for homeowners and $150,000 for renters
• Ownership or rental of a primary residence since October 1, 2024, with respective property tax responsibilities
• For renters, the lease must be in your name, and you must be actively paying rent

Eligibility for $1,750 in Tax Relief

Meeting the specific criteria could qualify you for significant rebates on your property taxes:

• Those earning up to $150,000 can receive $1,500
• Income between $150,000 and $250,000 qualifies for a $1,000 rebate

Additionally, seniors 65 and older with an income under $150,000 can receive an extra $250, boosting their total rebate to $1,750. This support is particularly crucial amid the ongoing housing affordability crisis, offering some relief for families gearing up for school-related expenses.

Disclaimer: This overview of stimulus checks, tax reliefs, rebates, credits, and other payments relies on official sources. All information regarding payment amounts, dates, and eligibility may change and should be verified with the cited official sources.