Update on the Stimulus Checks: Residents of Two States in the United States Will Receive Money Next Month!

Another batch of stimulus payments is on the way to residents of a few states who have authorized further COVID aid, amid speculation about a possible fourth payment from the federal government.

Residents of Maine and New Mexico may receive another check as early as June, owing to lawmakers in both states enacting further economic assistance legislation.

The bill follows a similar move in Alaska last week when the state Senate approved a spending package that included cash payments of $5,500 to Alaskans.

With inflation at a four-decade high, several state governors and other politicians have advocated for fresh stimulus checks or rebates to help Americans cope financially.

California, Minnesota, Colorado, Kansas, Hawaii, and Pennsylvania are also considering stimulus plans.

To discover if you’re eligible for next month’s checks, look at the list below:

Maine

According to Governor Janet Mills’ website, an estimated 858,000 households across the state would get $850 relief cheques to deal with rising expenses caused by “pandemic-driven inflation.”

Update on the Stimulus Checks Residents of Two States in the United States Will Receive Money Next Month

Individuals must submit their income tax returns as full-time Maine residents by October 31 to be eligible. They cannot, however, be claimed as a dependant, and their federal adjusted gross income (FAGI) must be less than:

  • For those filing as singles, $100,000 is available (or if married and filing separately)
  • $150,000 if you file as the head of household.
  • $200,000 for married couples who file jointly

Although the first wave of payments will be issued as early as next month, Maine residents can still get these checks beyond June.

“To get this money into Mainers’ hands as soon as possible,” Mills’ office noted, “the first wave of relief checks will be distributed in June 2022—and will be delivered on a rolling basis through the end of the year as returns are received.”

The Homestead Exemption Program may qualify certain persons for an extra $1,400 in tax relief.

Taxpayers will get $729.3 million in relief payments of $850 each.

New Mexico (NM)

The state legislature has authorized tax refunds that will be distributed during the summer, with the first payments likely next month.

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According to the state’s Taxation and Revenue website, the stimulus measures would give a refundable income tax rebate of $500 for single filers and married persons filing separately, and $1,000 for joint filers, heads of households, and surviving spouses.

In June and August, single filers will get equal amounts of $250, while joint filers will receive $500 each month.

In New Mexico, married couples filing joint returns, heads of household, and surviving spouses with income under $150,000 will get a $500 refundable income tax credit.

With an income of less than $75,000, single filers and married persons filing separately will get $250.

There is no need to apply because the refunds will be delivered to those who file their 2021 taxes by May 31.

Governor Michelle Lujan Grisham stated, “This summer, we’ll be returning hundreds of millions of dollars in relief to people across New Mexico, safeguarding their paychecks and helping them manage with rising gas, grocery, and other household expenditures.”

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