Multiple States Issue Stimulus Checks and Tax Refunds in June to Alleviate Inflation and Budget Surpluses. To facilitate the process, we present a detailed compilation of states granting these payments, along with guidelines for requesting them and the respective amounts. Not all states have the same model requirements and options. Let’s learn more about these issues in different states.
A Stimulus Check is a payment sent to taxpayers by the U.S. government. Its primary aim is to stimulate the economy by providing consumers with some spending money. These checks are generally sent out during times of economic hardship or recession. The amount of the check will vary depending on the specifics of the legislation that authorizes them.
California Stimulus Check
California‘s Guaranteed Income Program, Breathe, Offers Monthly Payments to Los Angeles County Residents. Los Angeles County, California residents have the opportunity to receive monthly payments of $1,000 for a duration of two years through the Guaranteed Income Program known as Breathe.To qualify for assistance, individuals must have been in foster care until the age of 18 or beyond, and their income should be equal to or below the local median.
For households with two members, the combined income must not exceed 120 percent of the area’s median. Additionally, applicants are required to have been adversely affected by COVID-19, although specific examples have not been provided by officials.
The county has emphasized that applicants must demonstrate a negative impact from COVID-19, yet clear examples of what constitutes being “negatively impacted” have not been provided. Starting from June 20 until July 3, applications can be submitted electronically through the Breathe Program website. Please note that only 200 individuals will be selected for the program.
Georgia Stimulus Check
In Georgia, the state government has unveiled rebates amounting to $250 for individuals and $500 for couples. These rebates are exclusively available to residents who have filed tax returns for both the years 2021 and 2022. Eligible individuals who submitted their returns prior to April 18th can anticipate receiving their payment this month, although it may take up to eight weeks for the payment to be received.
Massachusetts Stimulus Payments
Massachusetts Generous State Tax Refunds Await Taxpayers As a taxpayer in Massachusetts, you may be eligible for a refund amounting to approximately fourteen percent of your state tax liability. This substantial refund is a result of a revenue surplus that surpassed state regulations, prompting the tax authority to allocate the excess funds back to taxpayers.
The initial round of payments was distributed in December, exclusively to individuals who filed their 2021 tax returns before October 17, 2022. Subsequently, the tax authority has been issuing refund checks one month after receiving the tax return. This means that individuals who filed in May can expect to receive their payment in June.
New Jersey Stimulus Checks
New Jersey Expands Property Tax Rebate Eligibility for 2 Million Households. In New Jersey, approximately 2 million households have become eligible for property tax rebates through the Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) initiative. Under the ANCHOR benefits program, 50,000 individuals will receive a payment of $450. The disbursement process is currently underway, with recipients set to receive the funds via direct deposit or check. The application deadline for the program concluded on February 28th.
Minnesota Tax Refunds
Minnesota Implements Direct Tax Refunds for Eligible Residents in 2023. Minnesota residents who meet the eligibility criteria will receive direct tax refunds under a law enacted in May, with payments scheduled for 2023. The Minnesota Department of Revenue will distribute these refunds based on the following amounts:
- $520 for married couples filing jointly with an adjusted gross income of $150,000 or less.
- $260 for individuals with an adjusted gross income of $75,000 or less.
- An additional $260 for each dependent claimed on the tax return, up to three dependents.
To qualify for these refunds, taxpayers must meet the following requirements:
- Reside in Minnesota for part or all of 2021.
- File one of the following tax returns for the 2021 tax year: Form M1 (Minnesota Individual Income Tax) or Form M1PR (Real Estate Credit Refund for Homeowners and Renter’s Property Tax Refund).
- Submit their tax return by December 31, 2022.
- Not be claimed as a dependent on another person’s 2021 Minnesota income tax return.
Residents are not required to apply separately for this payment. The refunds will be automatically sent to eligible taxpayers based on their 2021 income or property tax returns. According to the state’s tax authority, the payment distribution will commence in the fall.