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HomenewsHouseholds in New Jersey Will Get a One-time Payment of Hundreds of...

Households in New Jersey Will Get a One-time Payment of Hundreds of Dollars From the Federal Stimulus Fund.

A new lump sum payout to New Jersey residents is on the way.

What are the requirements? When considering the impact of inflation on the populace, the state decided to make the aid public.

About 68,000 families in the state will receive the aid. This initiative is made possible by funding from the American Rescue Plan initiated by the Biden administration.

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Those who were not eligible for previous federal stimulus payments will profit from this. These benefits extend to those who were previously excluded from New Jersey’s Excluded New Jerseyans Fund.

What people will benefit from this aid?
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Multiple groups of New Jersey citizens will receive $500 each.

People who have recently been released from jail or prison, those who are now homeless, and families with members who are in the country illegally are all examples.

There is no application process. However, there are requirements that must be met before a family can receive the aid.

(source)

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Who can apply, and what are the requirements? Individual Taxpayer Identification Number (ITIN) is required for filing taxes for residents. In addition, they should have used an ITIN to file a state income tax return in 2021.

Their household income must be 200% below the federal poverty threshold. For instance, there’s a cap of $25,760 per year in income for an individual to receive the maximum allowable benefit.

For a two-person household, the maximum income is $34,840. The address from your 2021 tax return is where any refund checks will be sent.
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Below is an official statement on the program.

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