More Than 600,000 NJ Rebate Checks Worth $500 Have Been Sent. Did You Get One?
The checks are in the mail! New Jersey officials from the state department of treasury have mailed out over 600,000 New Jersey rebate checks worth $500 so far this summer. That's a nice way to wrap up the Dog Days of August.
The checks, totaling over $267 million were sent out to 630,760 New Jersey residents who filled their taxes by early July according to NJ.com. The average check came out to $423.40. More checks will be going out. The checks will be sent to the address on your NJ 1040 income tax return.
Married parents filing a joint tax return or who identify as head of the household or a surviving spouse would be eligible for the $500 summer rebate. In order to be eligible parents must have at least one dependent child and earn a maximum of $150,000. Individuals with income below $75,000 and have at least one dependent child will also be eligible for the rebate check.
You must be a full-time resident of the Graden State for part of or all of 2020 and you must have submitted a 2020 NJ 1040. The $500 rebate checks for residents of New Jersey will be based on your 2020 gross.
The rebate checks are part of the $319 million packages approved by state officials last fall. Governor Murphy and state officials reached an agreement on property tax measures and middle-class tax relief. It's all part of the finalized and signed 2022 Budget.