Latest News, Local News, International News, US Politics, Economy

Stimulus Checks Update: Here’s a List of Every State That Will Be Receiving Stimulus Funds in 2022

Whereas the federal stimulus cheques, which included six-monthly child tax credit payments in 2021, were broad-based and mailed to millions of Americans, the federal government is no longer sending them out. We’ve said before that when and whether somebody gets a new stimulus cheque is mostly a matter of chance. As a result, that person’s luck is determined by location – specifically, where they live.

Individual state governments are now starting their own stimulus checks or other taxpayer incentives. Relief checks and gas rebates are just a few examples.

Update on the Stimulus Check

Along similar lines, you’ll find a list of states considering or have already approved some form of these benefits. Taxpayers will receive stimulus tax rebates and additional state tax reductions, potential gas rebates, and more.

Another factor fueling part of this action is that during the Covid epidemic, states received billions of dollars in federal subsidies. This leaves them with cash in hand in some cases, and they must figure out what to do with it.

Another primary reason driving this is the federal government’s lack of interest in providing more stimulus funds.

States are listed below.

The following is a breakdown of all of the stimulus above check-related announcements, as compiled by The Motley Fool:

California: A gas tax credit of up to $400 per automobile for up to two vehicles is considered.

Georgia: There will be a tax rebate of $250 for single filers, $375 for heads of households, and $500 for married couples filing jointly.

Hawaii: A tax rebate for every Hawaii taxpayer is being considered, with a $300 refund for those earning less than $100,000 and a $100 payout for those earning more than $100,000.

Idaho: The greater of $75 or 12% of 2020 Idaho state taxes will be refunded via direct deposit or paper stimulus check.

Indiana: A one-time tax refund of $125 is available.

Kansas: The state grocery tax is being debated on whether it should be reduced or eliminated entirely.

Kentucky: A one-time stimulus rebate of up to $500 per state resident and $1,000 per household is debated.

Maine: Payments of $850 in direct stimulus checks

New Jersey (NJ): A property tax credit of up to $250 for renters and an average of $700 for homeowners is being considered.

New Mexico: Starting Jan. 1, 2023, a one-time tax rebate ($250 for singles, $500 for couples filing jointly) will be available, and a refundable child tax credit of up to $175 per child.

New York, NY: Property tax rebates of $425 in NYC and $970 outside the city for 2021, 2022, and 2023.

Pennsylvania: A 30 percent reduction in the state gas tax is considered.

Virginia: The state grocery tax may be reduced or eliminated entirely, and the state $0.262 per gallon gas tax may be suspended for one year.


Leave A Reply

Your email address will not be published.