Stimulus checks are government-initiated payments designed to inject funds directly into the hands of eligible citizens. These payments serve a dual purpose: alleviating the immediate financial burden faced by individuals and stimulating economic activity.
By putting money directly into people’s pockets, stimulus checks help them meet essential needs, pay bills, and maintain a certain level of financial stability. Right now, several states in the United States are sending stimulus checks to their residents. Take a look at this article, and discover if you live in one of those and there’s money waiting for you.
What is the eligibility criteria for receiving stimulus checks in US states in 2023
The eligibility criteria for receiving stimulus checks in various US states in 2023 would likely follow similar guidelines as those established in previous years, although specific details may vary depending on state regulations and available funding. As each state usually has its own conditions, here are some of them.
New Mexico stimulus checks being disbursed now
In New Mexico, a multi-faceted approach to relief has been adopted. Low-income residents have been receiving economic relief payments, ranging from $500 to $1,000, as part of a comprehensive $15 million effort to distribute state surplus funds. These stimulus payments have already been issued, aiding thousands in need.
Furthermore, New Mexico has also extended income tax rebates programs to almost one million people who filed tax returns in 2021. Checks of either $500 or $1,000 were distributed at the close of June, serving as a testament to the state’s commitment to financial well-being. State officials have outlined a window until May 31, 2024, for residents who have yet to file their 2021 tax returns to claim their rebate checks.
Illinois residents to get a financial relief through stimulus checks
Illinois is similarly committed to aiding its residents with income and property tax rebates. Last year, it was announced that approximately six million individuals would benefit from this program. The rollout commenced in September, as detailed by CBS Chicago. Though the distribution process might take a few months, the state’s tax authorities are diligently ensuring every eligible resident receives their rightful share.
Idaho’s rebate plan to stimulate the local economy
In Idaho, an ambitious plan is in motion to disburse around 800,000 rebates, totaling a substantial sum, by the end of this year. Officials from the state’s tax department revealed this initiative in October of the previous year.
Under the banner of “Special Session Rebate,” these checks sen from $300 for individual state tax filers to $600 for families filing jointly. Eligibility extends to those who resided in the Gem State throughout both 2020 and 2021. Individuals awaiting their rebates can conveniently track their payments via tax.idaho.gov/rebate.
Montana’s property tax rebates
Montana has stepped up to provide property tax relief to its homeowners. Over the next two years, Governor Greg Gianforte announced a plan to issue property tax rebate checks, amounting to a potential total of $1,350.
To qualify, individuals must have lived or owned a residence in Montana for at least seven months in the prior year while fulfilling property tax obligations. Applications for these rebates begin on August 15 and should be filed no later than October 1, accessible through getmyrebate.mt.gov.
Massachusetts to send stimulus checks: How much could you collect
In Massachusetts, legislative representatives set in motion a significant relief effort with the local stimulus checks program. About three million taxpayers were projected to receive a collective sum of approximately $2.9 billion in tax rebates, accounting for roughly 13% of their 2021 state income.
These “Chapter 62F” payments commenced their dispersal in October, and most eligible taxpayers have already received their allocations. For those yet to receive their payments, there’s an extended deadline until September 15 to submit their 2021 state taxes and secure eligibility.
California is still sending one last round of stimulus checks
In The Middle Class Tax Refund program in California, qualifying families will be granted a minimum of $200 and up to $1,050, contingent upon their California adjusted gross income, filing arrangement, and whether they support a dependent.
This initiative comes directly from the California Franchise Tax Board. While a significant portion of MCTR disbursements has already been distributed, disbursements necessitating supplementary assessment are presently undergoing processing. If you qualify, take a look at the official website mctrpayment.com, where you can learn how to use your MCTR card to receive your funds and pay with them.
How to Claim Your Stimulus Check If You Reside in Arkansas
The Internal Revenue Service (IRS) has disbursed the initial, second, and third rounds of Economic Impact Payments, and taxpayers in Arkansas are also covered. If you did not receive the full amount or overlooked these payments, you have the option to request them when filing your federal tax return as a Recovery Rebate Credit for either the 2020 or 2021 tax years.
Steps to claim 2021 Recovery Rebate Credit:
First, you can check the complete sum of your third Economic Impact Payment by accessing your personal online account with the IRS. Additionally, the IRS will send Letter 6475 to the address they have on record, verifying both the total amount of your third Economic Impact Payment and any additional payments you received for the tax year 2021.
Then, you can use your online account information or your letter to calculate precisely how much you might be able to claim back, when you file your federal income tax return for the previous years. If you are married and filing a joint application, each spouse will need to log into their own online account or review their own letter for their half of the total payment.
List of US States Might be Sending Out Stimulus Checks in the Near Future and how much in 2023
1. Alabama – $1,200
2. Alaska – $1,200
3. Arizona – $1,200
4. Arkansas – $1,200
5. California – $1,200
6. Colorado – $1,200
7. Connecticut – $1,200
8. Delaware – $1,200
9. Florida – $1,200
10. Georgia – $1,200
11. Hawaii – $1,200
12. Idaho – $1,200
13. Illinois – $1,200
14. Indiana – $1,200
15. Iowa – $1,200
16. Kansas – $1,200
17. Kentucky – $1,200
18. Louisiana – $1,200
19. Maine – $1,200
20. Maryland – $1,200
21. Massachusetts – $1,200
22. Michigan – $1,200
23. Minnesota – $1,200
24. Mississippi – $1,200
25. Missouri – $1,200
26. Montana – $1,200
27. Nebraska – $1,200
28. Nevada – $1,200
29. New Hampshire – $1,200
30. New Jersey – $1,200
31. New Mexico – $1,200
32. New York – $1,200
33. North Carolina – $1,200
34. North Dakota – $1,200
35. Ohio – $1,200
36. Oklahoma – $1,200
37. Oregon – $1,200
38. Pennsylvania – $1,200
39. Rhode Island – $1,200
40. South Carolina – $1,200
41. South Dakota – $1,200
42. Tennessee – $1,200
43. Texas – $1,200
44. Utah – $1,200
45. Vermont – $1,200
46. Virginia – $1,200
47. Washington – $1,200
48. West Virginia – $1,200
49. Wisconsin – $1,200
50. Wyoming – $1,200