4th stimulus checks in limbo, but NJ’s $500 rebates are coming soon. What you need to know. – Community News
Stimulus Check

4th stimulus checks in limbo, but NJ’s $500 rebates are coming soon. What you need to know.

Already missing those stimulus checks?

While a fourth round of federal payments doesn’t seem to be moving much, New Jersey’s lower- and middle-class residents could have something to look forward to this summer: a $500 tax credit courtesy of the state government.

The rebates are part of a compromise that Government Leader Phil Murphy and the legislature-controlling Democrats struck last year when lawmakers agreed to raise taxes on millionaires. Murphy took over $300 million for the rebates in his proposed budget. Senate Speaker Stephen Sweeney, D-Gloucester, said last week he expects the plan to succeed, although budget negotiations haven’t really started yet.