We’ve said before that when and whether somebody gets a new stimulus cheque is mostly a matter of chance. As a result, that person’s luck is determined by location – specifically, where they live.
Whereas the federal stimulus cheques, which included six-monthly child tax credit payments in 2021, were broad-based and mailed to tens of millions of Americans, the federal government is no longer sending them out.
Individual state governments are now starting their own stimulus checks or other taxpayer incentives. Relief checks, gas rebates, and a variety of other benefits are among them.
Update on the Stimulus Check
Along similar lines, you’ll find a list of states that are considering or have already approved some form of these benefits. Taxpayers will receive stimulus tax rebates, as well as additional state tax reductions, potential gas rebates, and more.
Another factor fueling part of this action is the fact that during the Covid epidemic, states received billions of dollars in federal subsidies. This leaves them with cash in hand in some cases, and they must figure out what to do with it.
Another major reason driving all of this is the federal government’s lack of interest in providing more stimulus funds.
States are listed below
The following is a breakdown of all of the aforementioned stimulus check-related announcements, as compiled by The Motley Fool:
California: A gas tax credit of up to $400 per car for up to two automobiles is being considered.
Georgia residents will receive a tax refund of $250 for single filers, $375 for heads of household, and $500 for married couples filing jointly.
Hawaii: A tax rebate of $300 for taxpayers earning less than $100,000 and $100 for those earning more than $100,000 is being considered.
Idaho: The greater of $75 or 12% of 2020 Idaho state taxes will be refunded via direct deposit or paper stimulus check.
Indiana: $125 one-time tax refund
Kansas: A reduction or elimination of the state grocery tax is being debated.
Kentucky: A one-time stimulus rebate of up to $500 per state-citizen and $1,000 per household is being debated.
Maine has received $850 in direct stimulus assistance.
- Some People Will Be Eligible to Get Up to $800 in Stimulus Checks This Summer!
- The $150 Gas Stimulus Cards Are Now Available!
- Those Who Live in This State Can Expect to Get $850 in Stimulus Checks in the Mail!
New Jersey: A property tax credit of up to $250 for renters and an average of $700 for homeowners is being considered.
New Mexico: Starting Jan. 1, 2023, a one-time tax rebate ($250 for singles, $500 for couples filing jointly) will be available, as well as a refundable child tax credit of up to $175 per child.
Property tax rebates for 2021, 2022, and 2023 in New York; an average of $425 in NYC and $970 outside the city.
Pennsylvania: A 30 percent reduction in the state’s gas tax is being considered.
Virginia: The state grocery tax is being considered for reduction or elimination, as well as a one-year suspension of the state’s $0.262 per gallon gas tax.