Despite the fact that plans for additional stimulus monies to aid American households during the pandemic have failed in Congress, eight states are providing additional financial assistance to people in need.
This assistance takes several forms, ranging from gas cards to help with high gasoline prices to tax credits, rebates, and cash payouts.
Fatherly recently published an article about the many measures that governments are putting in place to assist residents. Many of the programs have no income limits, which means that any resident of the state can benefit from the extra funds.
Is your state on this list, and if yes, when can you expect to receive stimulus funds?
California Governor Gavin Newsom recommended distributing debit cards to drivers pre-loaded with $400 to be used for gas in an effort to offset rising gas costs, which have jumped 43.6 percent in the past year, according to the latest Consumer Price Index report from the US Bureau of Labor Statistics.
According to Kelley Blue Book, households could receive one gas card per automobile, with a maximum of two cards per family. The cards would be issued in July if the bill passes.
Due to a tax surplus in Georgia, residents may be eligible for a tax refund for the years 2020 and 2021. Single filers and married couples filing separately will earn $250; heads of household will receive $375, and married couples filing jointly should receive $500 from the state (or added to their tax refund for the year).
Residents of Hawaii will also see money placed into their accounts as part of a tax rebate program, according to Hawaii News Now.
Hawaii lawmakers are utilizing a $2 billion budget surplus to provide a $300 payout to taxpayers with household incomes under $100,000. Those who earn more than that will receive a $100 bonus per individual.
According to the Idaho State Tax Commission, Idaho taxpayers will receive a refund of $75 or 12% of their state tax for 2020, whichever is greater. To obtain the rebate, residents must file their 2020 and 2021 tax returns by December 31, 2022.
Illinois has a number of assistance initiatives in place, including a $1.8 billion relief plan that was just enacted into law. According to local news site WIFR, the plan for 2023 suspends the state’s grocery tax for a year and freezes the state gas tax for six months.
Individual taxpayers with income under $200,000 and married couples filing jointly with income under $400,000 will receive $50 per person and $100 per kid for up to three children’s tax rebates.
The state of Indiana, which is also having a budget surplus, is distributing a $125 Automatic Taxpayer Refund, according to the Indiana Department of Revenue.
If you filed your Indiana tax return for 2020 before Jan. 3, 2022, and your state tax return for 2021 before April 18, 2022, and you have a bank account designated for your tax refund, check for a direct deposit.
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If residents did not meet the direct deposit standards, they will get a paper check in late summer. There are no income restrictions for receiving the funds.
Residents of Maine with an adjusted gross income of less than $100,000 (single taxpayers or married, filing separately), $150,000 (head of household), or $200,000 (married, filing jointly) can expect an $850 relief payment by check as soon as June 1, 2022.
According to Maine.gov, an estimated 858,000 Maine citizens should expect to receive these “direct relief payments.”
New Mexico (NM)
This summer, New Mexico taxpayers can expect three distinct paychecks. First, in June and August 2022, single filers and married couples filing separately would receive $500 refundable income tax rebates.
Those who file jointly or as the head of household will get $1,000. There are no income limits, and monies will be deposited automatically or mailed by cheque if taxpayers filed their 2021 Personal Income Tax form.
A $500 refundable income tax credit will be available in July for married couples filing jointly, heads of the home, and surviving spouses earning less than $150,000.
Individual filers and married couples filing separately who earn less than $75,000 will be eligible for a $250 tax credit. Tax rebates that are refundable indicate that taxpayers will get their money even if the amount exceeds the amount of state taxes they paid in 2021.