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Wednesday, November 30, 2022

Stimulus Checks From Some States

While the federal government has not indicated any plans for a fourth round of stimulus checks, several U.S. states will be sending out more money to residents this month under various initiatives.

The three federal stimulus checks provided qualifying Americans with payments of $1,200, $600 and $1,400 across 2020 and 2021 as the U.S. contended with the financial impact of the COVID-19 pandemic. But elevated costs for food, gas and other products and services have continued to stretch American wallets.

Some States That Are Offering Stimulus Checks

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Alaska

The Alaska budget signed by Governor Mike Dunleavy in June included $3,200 in payments, including a one-time $650 energy relief payment and a $2,550 Permanent Fund dividend, that will be sent to Alaskans, the Anchorage Daily News reported.

Dunleavy announced in July that the stimulus check payments would begin arriving in bank accounts on September 20, according to Alaska Public Media. For those who submitted paper applications or asked for paper checks, the payments are expected to be sent about two weeks later.

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Colorado

Colorado Governor Jared Polis signed a law in May this year that would provide a $750 tax rebate for individual filers and a $1,500 rebate for joint filers. According to the Colorado Department of Revenue, those who filed their state income tax return by June 30 will receive their checks by September 30.

Hawaii

Hawaii Governor David Ige signed a bill in June that would issue one-time tax refunds to certain qualifying state residents. Under Act 115, payments of either $300 or $100 per person will be sent out based on factors like income level and filing status. For example, single filers whose federal adjusted gross income is less than $100,000 annually can receive a $300 stimulus check rebate, while those who make more than $100,000 per year will receive a $100 rebate.

A full breakdown of how much money state residents can expect based on their income and filing status, as well as other details, is available on the Act 115 information page. Hawaii’s ​​Department of Taxation will begin issuing the payments in the first week of September.

Virginia

The state of Virginia is also sending out a one-time tax rebate to some qualifying residents. According to the Virginia Department of Taxation, those who had a tax liability last year will receive up to $250 if they filed individually and up to $500 if they filed jointly.

The payments are expected to start going out in late September, WJLA reported, but it is possible that some may not receive theirs until the following month. The Virginia Department of Taxation said that for those who are eligible and filed by July 1, their rebate will be sent by October 17. This means that all should receive their payments by October 31.

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