Another wave of $400 checks from the homestead credit is hitting millions of accounts, with the March 20 deadline now critical for eligibility. These tax relief payments target homeowners and long-term rental property owners, offering rebates up to $400 alongside reduced property tax rates. About 80% of eligible households may benefit, with average annual savings near $500. Applicants must meet residency rules and submit details on time, while many previous recipients could be automatically re-enrolled for 2026 payments.