Last week, after lawmakers failed to reach an agreement, Massachusetts Governor Charlie Baker’s plan to send out a $250 tax rebate stimulus check collapsed. However, because of a mysterious voter referendum, locals will probably still receive a payout.
The 1986 statute stipulates that any surplus must be paid back to taxpayers once state tax revenue reaches a specific level. Although Baker’s office predicted that people would receive a 7 percent refund of their 2021 income taxes, the exact amount is still unknown.
Massachusetts is just one of many states offering tax breaks and stimulus checks to combat rampant inflation and the looming threat of a recession: Florida is lining up $450 inflation relief payments for qualified families, and California is offering a “middle-class tax refund” worth up to $1,050.
Several States Are Sending Out Stimulus Checks
At least 18 states have sent out stimulus checks or are in the process of doing so. Continue reading to learn which ones will be making payments in August and how much eligible taxpayers can anticipate receiving.
Check out plans for nationwide child tax credits, as well as nationwide gas rebate checks and gas tax holidays, for more information on economic relief.
Inflation relief checks will be distributed to millions of Californians, with married couples with children receiving up to $1,050.
Direct deposits or debit cards will be used to distribute the payments, which will be made from California’s $97 billion budget surplus. The first payments could be made as early as October.
The amount residents will receive depends on their household size, tax-filing status, and income.
Residents of the state who submitted their 2021 tax return by June 30 will receive a check for $750 by September 30; joint filers will receive $1,500.
Those who requested an extension and submitted their paperwork by the Oct. 17 deadline will be refunded by Jan. 31, 2023.
The Delaware Relief Rebate Program, a $300 stimulus check sent to residents who filed their 2020 tax returns, was approved by Gov. John Carney in a bill that was signed into law in April.
If you filed jointly, you will each be entitled to one of the payments, which began to be distributed in May.
About 3 million New York state residents began receiving property tax rebates of up to $1,050 in June.
The average household income in New York City is $425.
The New York State Department of Taxation and Finance website has information on eligibility, but those who are eligible should have received a check automatically by the end of June.