Are More Stimulus And Rebates Coming Soon?

While it is doubtful that the federal government would issue another stimulus check, state governments continue to provide financial assistance to people. Last week, millions of California taxpayers began getting a “middle-class tax rebate,” with payments of up to $1,050 distributed through January.

Other states are giving one-time payouts to assist citizens in coping with the unstable economy:

  • Colorado taxpayers have already begun receiving $750 tax refund checks.
  • Eligible Virginians should receive a $250 tax rebate by Halloween.
  • Massachusetts will begin distributing tax refunds in November.

Is your state issuing stimulus cheques or tax refunds? 

Check out the proposals for statewide child tax credits, gas rebate checks, and gas tax holidays around the United States for additional information on economic assistance.

California

Beginning in October, millions of Californians will get inflation relief checks of up to $1,050 by direct deposit or debit card. The state anticipates that 95% of the payments will be made this year, with the remaining cheques arriving on January 15, 2023.

California citizens’ income, tax filing status, and family size determine the amount received.

Taxpayers who make less than $75,000 a year and joint filers who make less than $150,000 a year will get $350 per taxpayer and an additional $350 if they have dependents. Therefore, a married couple with children might get up to $1,050.

Individuals with annual incomes between $75,000 and $125,000 and couples with annual incomes between $150,000 and $250,000 will get $250 per taxpayer, with an additional $250 per dependent. Therefore, a family with children might get a total of $750.

Individuals with yearly incomes between $125,000 and $250,000 and couples with annual incomes between $250,000 and $500,000 would get $200. A family with children in this income group may get up to $600.

The payments are disallowed for single taxpayers earning $250,000 or more and couples earning a combined total of $500,000.

Colorado

As a result of the 1992 Taxpayer’s Bill of Rights Amendment (TABOR), Colorado citizens who submitted their 2021 tax returns by June 30 should have received a $750 check by September 30. (Co-filers will receive $1,500.)

In May, Governor Jared Polis approved a measure to expedite the refunds to taxpayers, with more than half cashed by late August. Those granted an extension and submitted by October 17 will receive their refund by January 31, 2023.

Delaware

After Delaware Governor John Carney authorized the Delaware Relief Rebate Program in April, residents who submitted their 2020 tax returns received a $300 stimulus payment.

Even if you filed jointly, each individual should have gotten a payout beginning in May.

Florida

According to Republican Governor Ron DeSantis, over 60,000 Florida families got one-time payments of $450 per kid “to mitigate the costs of increasing inflation.”

To be eligible, families must receive Temporary Assistance for Needy Families (commonly known as welfare), be foster parents, relatives, or non-relative caregivers, or engage in the Guardianship Assistance Program.

You were not required to apply for the benefit, which was automatically mailed to all qualified beneficiaries. Florida’s Department of Children and Families reports that checks should have arrived in time for the July 25-August 7 “return to school” sales tax holiday.

Georgia

In March, Georgia Governor Brian Kemp authorized refunds for taxpayers who submitted state returns for 2020 and 2021. In May, single filers earned $250, heads of the household received $375, and married couples filing jointly received $500.

A partial-year resident, a taxpayer who pays little or no income tax, and those who owe taxes, child support, or other obligations may have gotten a lower rebate.

The Department of Revenue began awarding refunds in May. According to its website, most people who submitted their 2021 state tax return by April 18 should have received their reimbursement by early August.

Hawaii

Residents who earned less than $100,000 in 2021 — or $200,000 if filing jointly — are eligible for a $300 tax credit this year; dependents are also eligible. A family of four that qualifies might earn $1,200.

Individuals earning over $100,000 and couples earning over $200,000 will get a one-time payment of $100.

According to Governor David Inge, direct transfers began on September 9. Residents who originally received their tax refund by cheque or filed after July 31 will receive their refunds later.

Gov. David Ige told reporters that physical checks will likely not be issued until late October, “depending on the availability of the check supply.”

In February, Idaho Governor Brad Little signed a measure that grants $75 to each taxpayer and dependent, or 12 percent of their state income tax return for 2020, whichever is larger.

The mailing of rebate checks began in March, and residents may check their reimbursement status online.

Illinois 

From September through November, Illinois will distribute $1.83 billion in income and property tax rebates, as well as a temporary reduction in certain sales taxes, as part of its $1.83 billion relief plan.

Individuals with earnings below $200,000 in 2021 will receive a $50 income tax rebate, while married couples with incomes below $400,000 will receive $100. In addition, filers can earn $100 for each dependent claimed on their 2021 tax return, up to a maximum of three dependents. Up to $300 can be received by a family of four.

The distribution of checks began the week of September 12 and is slated to conclude around eight weeks later.

Democratic Governor J.B. Pritzker’s Family Relief Plan includes many tax holidays and refunds, a temporary suspension of the grocery sales tax from July 1, 2022, to June 30, 2023, and a permanent enhancement of the earned income credit from 18% to 20% of the federal credit.

Indiana 

Regardless of their income, Hoosiers in Indiana are eligible for $125 tax rebates under the state’s automatic taxpayer refund statute.

In May, direct deposit payments commenced. Governor Eric Holcomb told Fox 59 that printing checks for the 1.7 million taxpayers who did not furnish banking information in July were delayed until mid-August “due to a paper supply shortage.”

The Indiana legislature added $200 to each check during the delay.

The combined payments, $325 for individuals and $650 for married couples filing jointly, will be bundled into a single paper check. The state will print all 1,7 million paper checks in early October.

Residents of Indiana who have not received a rebate by November 1 should contact the Department of Revenue.

Maine

This year, Maine residents who filed their state tax returns for 2021 and had an adjusted gross income of less than $100,000 qualified for a direct relief payment of $850. Couples who filed jointly got a single $1,700 payout.

Checks were paid out beginning in July, according to WMTW. You may check the status of your tax refund on Maine’s government website.

Massachusetts

Beginning in November, Massachusetts residents will receive over $3 billion in tax refunds, according to the state Executive Office of Administration and Finance. Chapter 62F, which voters enacted in 1986, ties state tax income to earnings and salaries and returns any surplus to taxpayers.

The refund has been triggered just twice since the statute was established.

Michael Heffernan, the Massachusetts finance secretary, stated that taxpayers would receive a credit “in the proportion that they paid in.” Still, he has not yet offered specifics on how much or when the credit will be delivered.

The administration had stated that the credit would equal around 13% of their state income tax burden for 2021. The process won’t be completed until October when all tax returns for 2021 have been filed, and individual refunds may be offset by outstanding tax liabilities, child support payments, and other debts.

A website has been created to answer commonly asked issues and assist residents in estimating their return. Additionally, a call center may be reached at 877-677-9727.

In the spring, Massachusetts sent $500 stimulus cheques to low-income employees.

Minnesota

A one-time payment of $750 is available to certain Minnesota frontline employees, including emergency responders, healthcare professionals, judicial officials, and retail workers.

According to the Duluth News Tribune, about 1.2 million workers filed for the Minnesota frontline bonus by the July 22 deadline. If the number of accepted applications exceeds 667 thousand, the $750 payment might be reduced. Mid-August should have informed applicants, and payments should have followed shortly after that.

Further, Governor Tim Walz has requested a special session of the legislature to approve a $1,000 income tax rebate for individuals earning less than $165,000 and $2,000 for couples earning less than $275,000.

Republican legislators see Walz’s proposal as an election-year ploy, referring to it as a Democrat-Farmer-Labor Party stunt.

Walz stated at a July 27 press conference, as reported by the Duluth News Tribune that it is “totally inexcusable” that the state of Minnesota has cash reserves that might be returned to families in cash immediately.

New Jersey

Two million New Jersey residents are receiving property tax rebates due to the Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) program, which Gov. Phil Murphy signed into law at the end of June.

The property tax reimbursements for homeowners earning up to $150,000 are $1,500, while those earning between $150,000 and $250,000 receive $1,000. Renters with incomes up to $150,000 will get $450.

The refunds will arrive later than in many other states. Jennifer Sciortino, a representative for the New Jersey state treasury, could only affirm it will be “no later than May 2023” through cheque or direct transfer, according to Patch.com.

New Mexico

All taxpayers in the Land of Enchantment received a rebate of $500 for single filers and $1,000 for joint filers, heads of households, and surviving spouses. The first installment was sent in June, and the second in August.

In July, the state also refunded $250 to taxpayers who filed their taxes separately and earned less than $75,000. (Couples filing jointly and earning less than $150,000 got $500)

New York City

In June, about 3 million homeowners in the state of New York began receiving property tax reimbursements of up to $1,050. New York City families received an average refund of $425.

By June, those who qualified should have automatically received a check. Still, you can find more information on the New York State Department of Taxation and Finance’s website.

In addition, New York City Mayor Eric Adams signed legislation in late August offering up to $150 in one-time property tax rebates to hundreds of thousands of low- and middle-income residents.

The refund is available to owners of one-, two-, and three-family homes with incomes of $250,000 or less in 2020, providing the property is their principal residence.

Beginning in late August, homeowners with a School Tax Relief (STAR) credit or exemption for 2023 will receive payments automatically. (If the Department of Finance has inadequate information about your income, it will send you a letter with instructions on how to verify your eligibility.)

Owners who feel qualified for the reimbursement but do not obtain a STAR exemption can apply. Submitting a claim is in November, and rebate cheques should be sent out in the autumn.

Pennsylvania

In July, the Property Tax/Rent Rebate Program began distributing a whopping $121.7 million payment to more than 260,000 senior homeowners, renters, and those with disabilities.

Before the extended deadline of December 31, 2022, eligible residents should access the MyPath website or submit a paper application, with fees made through direct deposit or cheque.

According to the Department of Revenue, the maximum regular rebate is $650; additional rebates for eligible households can increase this amount to $975. (The department will compute supplementary rebates automatically for eligible applicants.)

Check the status of your rebate by entering your Social Security number, date of birth, and tax year into the Where’s My Rebate? Tool of the state government.

South Carolina

South Carolina taxpayers will get refund cheques of up to $800 beginning in late November or December.

Any citizen who paid taxes will get a refund, which will increase depending on their tax burden up to a maximum of $800 per filing. 33% of taxpayers will receive a complete refund, according to The Center Square, because they paid less than $800.

The refunds are provided per person, regardless of whether you filed as an individual or a married couple. Approximately 44% of South Carolina citizens who did not pay income taxes would not get a cheque.

To determine eligibility and reimbursement amounts, visit the South Carolina Department of Revenue’s website.

Virginia

By mid-October, millions of Virginians should get $250 or $500 in one-time tax rebates, depending on their filing status. There will be both printed checks and direct deposit payments.

The Virginia Department of Taxation website provides further information on these refund payments for qualified taxpayers. According to the website, this is not available to all taxpayers.

Virginia Department of Taxation Commissioner Craig Burns said refunds were given beginning September 16 in a “soft launch.”

Burns stated at a news conference, “A few thousand direct deposits and a few thousand checks, simply to make sure everything works before we go live.” On September 19, most reimbursements for taxpayers who submitted their state taxes by September 5 were sent out, with intentions to issue 250,000 every workday.

Burns continued throughout the program, and through the end of the year, we anticipate issuing about 3,2 million one-time tax rebates. Approximately 1,300,000 reimbursements will be given via direct deposit and 1,900,000 via paper cheques.

According to the Virginia Department of Taxation, physical checks are being sent to those who did not submit banking information on their tax return, whose direct deposit was refused, or whose refund was offset by outstanding obligations.

The government anticipates issuing 2,9 million reimbursements by October 11; the remaining will be distributed during the remainder of the year for returns submitted by November 1. Residents submitted by July 1 are expected to get their refund by October 31.