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Sunday, December 4, 2022

Stimulus Check 2022: States Send Out More Checks

As part of the Stimulus Check program, Alaska will soon be sending out checks to residents for up to $3,200.

The stimulus payment for Alaska is actually an annual dividend that the state consistently pays out (often known as an “oil-wealth check”). The payment was authorized by Governor Mike Dunleavy at the beginning of the year, and this month, qualified people will start receiving it. In May, the state legislature and Governor Mike Dunleavy approved the yearly budget. According to the budget, eligible residents will get a $3,200 dividend before the year is out.

States Send Out Stimulus Checks 

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The state of Alaska gives its residents this stimulus check once a year as a means to share the prosperity of its oil industry. 23 million people should be qualified to receive the payouts, which will be given out between October 2022 and January 2023, according to state officials.

The only residents who qualify for compensation are those who either still reside in California or who have resided there for at least six months during the 2020 tax year. Californians who were not dependents during the 2020 tax year and who meet the state’s adjusted gross income (AGI) requirements set forth below, file their 2020 tax returns by October 15, 2021, and are qualified for the reimbursement. Your Stimulus Checks will either be made via direct deposit or debit cards, depending on your income.

Each of the top two awards is worth $200, while the bottom reward is worth $1,050. The “Colorado Cash Back,” a tax rebate of $750 for individual taxpayers and $1,500 for married couples filing jointly, is being offered by Colorado this summer. Illinois released the $1.83 billion Family Relief Plan in the first week of July. It included a number of temporary reductions in sales taxes, including the postponement of the food sales tax until June 30, 2023.

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