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Stimulus checks 2023 update: Are you ready for payments in your states?

A number of stimulus checks were swiftly implemented by the US government in an effort to assist consumers and businesses.

In March 2020, the American economy completely shut down in response to the coronavirus pandemic.

Remaining Stimulus Checks

While several programs came to an end in 2022, some states still had payments due in 2023. The states that still have payments due this year are shown below.

California

A few states still have payments due in 2023 even though numerous programs ceased in 2022. Here is a quick list of the states where payments for this year are still forthcoming.

Rebate amounts start at $350 and depend on a number of factors, including household size, tax-filing status, and income. Couples making at least $500,000 and individuals making $250,000 or more are not eligible.

Colorado

Colorado residents who timely filed their taxes for the year 2021 have almost probably already paid $750 for single filers and $1,500 for joint filers by September 30. However, those who requested an extension by the October 17 deadline may do so.

Idaho

The rebates that Idaho passed for the 2022 Special Session will be given out by the end of March 2023. The refund is equal to the greater of 10% of the taxpayer’s 2020 income tax liability or $300 for single filers and $600 for joint filers.

Approximately 800,000 payments totaling up to $500 million are expected to be sent, according to the state Tax Commission.

New Jersey

Two million residents of New Jersey will get $2 billion in property tax refunds. Homeowners making up to $150,000 can receive a reimbursement of $1,500, while those making between $150,000 and $250,000 can receive a rebate of $1,000.

Read more: Gold is rising as investors anticipate a slower pace of Fed rate hikes

Will There Be More Stimulus Payment?

Stimulus check-American-Payments-2023-States
In March 2020, the American economy completely shut down in response to the coronavirus pandemic. A number of stimulus checks were swiftly implemented by the US government in an effort to assist consumers and businesses.

In 2022, individual states sent checks in varied amounts in place of payments from the federal government to aid with the rising cost of inflation. To those who qualified, the New York State Department of Taxation and Finance (DTF) sent checks up to $270.

Although President Joe Biden has not mentioned the intent of the government to do so, Congress has not yet passed any laws that would permit a fourth stimulus check.

Americans continue to cling to the dream of receiving another check.

Read more: Mortgage interest rates decline prompting 5% surge in refinancing applications

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