Americans are unlikely to receive any more stimulus checks from Congress, but some states are still offering payments to help residents continue to recover financially from the COVID-19 pandemic.
Stimulus checks became a major talking point after the federal government approved three rounds of payments to boost the US economy during the global health crisis, but those federal dollars were discontinued in 2022. However, direct payments are still being made at the state level. available to eligible residents.
While these payments aren’t as widely offered as they were in the early stages of the pandemic, Americans in three states can still expect some extra cash flow this summer. Those living in Alaska, Montana and New Mexico were all able to see payments this month.
Here are the eligibility requirements and application steps.
Alaska’s Permanent Fund has been paying annual dividends to residents for more than four decades. Pending payments are expected to be redistributed this month as the state pays residents from investment returns on mineral royalties. Some checks were already distributed in June, and the remaining dividends will be sent on July 20.
To qualify, residents must prove they have lived in Alaska for the entire 2022 calendar year and intend to remain a resident at the time of application. The dividend will not be offered to anyone incarcerated or sentenced to a felony in 2022.
Montana’s new stimulus package is rolling out this month. Earlier this year, Governor Greg Gianforte signed into law three state bills providing tax credits for eligible taxpayers.
Beginning July 3, the state’s tax department will provide rebates to more than 530,000 eligible taxpayers who file 2021 tax returns before October 17, 2022. The payments, also known as the Individual Income Tax Rebate, are a result of House Bill 192, which set aside $480 million of the state’s budget surplus for the payments.
“Montanans have paid too much tax, and we’re giving it back,” Gianforte said. “I look forward to getting this money back in the pockets of Montanans where it belongs.”
The amounts of the rebate depend on the amount of tax paid, but those eligible for the funds do not need to apply. Depending on how taxpayers filed their latest income tax forms, the money will be deposited directly into their bank account or sent as a check. The department expects all funds to be distributed by the end of July.
Montana property owners get a property tax credit if they request the $280 million the state has approved to return to homeowners. Taxpayers who apply for the rebate can receive up to $500, but must apply online or by mail between August 15 and October 1.
Earlier this year, Governor Michelle Lujan Grisham and the legislature approved two types of rebates for residents: one for taxpayers and one for individuals not required to file taxes.
Taxpayers should have received their income tax refunds — up to $500 for individual filers and up to $1,000 for joint filers — by June. Those who did not have to file a return should receive their payments in July.
The deadline to apply for those funds has already passed, but those who qualified should receive a direct deposit or check in the mail this month.
“The amount has not been determined, but $15 million has been set aside for the payments,” the IRS and IRS website reads. “Distribution is expected to take place in July.”
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