Millions of residents across nearly 20 states are set to get the fourth round of stimulus checks. but this time funds are being paid by the states mostly partly from a budget surplus. But they have also taken help from the federal administration as funds given to states under ARPA are yet to be spent by most states, while some Republican states have misused it.
Such states have not spent the money for the people it was meant to benefit. Instead Republican-ruled Arizona has spent the money on the construction of a new prison, deviating from the purpose that the money was intended for.
Residents of Rhode Island are sent to get a $750 maximum stimulus check but would need to secure the money before they can claim it. Householders must file their returns by August 31 this year to receive a timely stimulus check.
Cash programs are set to start in over a dozen states and are expected to begin the legislative process soon. Around half a dozen states have already started sending out stimulus checks including Maine, New Mexico, and Hawaii.
Even Republican States Have Moved In With Stimulus Check With ARPA Funds
California and Florida, are two states ruled by diametrically opposite Governors in Gavin Manchin, the Democratic Governor of California, and the far right Republican, Ron DeSantis, who was against stimulus checks from the start and had consistently blamed the third stimulus check and the American Rescue Plan Act for the present inflation.
But DeSantis has dipped into the fund sent by the federal administration under the same ARPA to states to fund his state stimulus check of $450.
The fund will go out to families with children and include related and non-related caregivers. Around 60,000 families are expected to benefit from the modest inflation support stimulus check.
The stimulus checks are being given out to ease the damage that the abysmally high inflation has taken on the bottom line of low and middle-income households. The republican state joins over a dozen states that have already implemented or are actively considering some sort of relief measure to help residents who are being battered by an ever-increasing household budget across the US.
California will give out a stimulus check for residents with the highest payment reaching $1,050 for low-income joint families who earn $150,000 combined and have at least one child. Single parents earning below $75,000 will get a $700 stimulus check.
Even families earning as much as $250,000 when filing jointly will get a stimulus check which could be $600 if they have at least one child.
Stimulus Check For Residents Vary Among States
Residents of Colorado will benefit from a one-off rebate which could be worth $750 for individuals and double that for married couples filing jointly.
The filers will receive the stimulus check called the Colorado Cashback Tax Rebate. Residents who have already filed their income tax returns for 2021 will receive their payments before September 30 of this year.
Toe who have opted for an extension for filing their returns will get their refund amount by January 1 2023 according to Governor Jared Polis’s administration.
The Colorado stimulus checks are not linked to inflation by are instead mandated by the Bill of Rights under the state of Colorado called TABOR. It states that excess revenue must go back to taxpayers. But the difference is that for this year the refunds are going back much earlier due to the high inflation rate.
State Representative of Colorado, Tony Exum Sr (Democrat – Colorado Springs) said that as residents of Colorado are forced to confront the rising costs caused by the pandemic-induced inflation, the global unrest, and the supply chain disruption across the world, they are being compensated earlier this year to provide relief to residents who continue to hurt the most.
The residents of Delaware are set to receive a $300 stimulus check to provide relief from the record inflation. The first of the payments came in May this year and will continue throughout the summer to individuals and joint filers who have submitted their state income tax returns for 2021. Residents can track the progress of their application on a website specially dedicated to these payments.
Georgia has started sending out one-off relief payments that are worth up to $500 for families with joint filers and $250 for individual filers. Household heads will receive $375. The payments have already started going out to beneficiaries.
Hawaii was also one of the earliest states to legislate on state stimulus checks. A payment of $300 will go out to residents with adjusted gross income that is less than $100,000 for individuals and double that for married couples filing jointly. Those earning above these figures will get $100. The rebates will start going out starting the last week of August.
Governor Brad Little of Idaho has announced a stimulus check for residents that will give relief of $75 to tax filers and each of their dependents or 12 percent of their income tax returns for 2020, whichever is higher.
Governor J.B. Pritzker of Illinois has approved a variety of measures for families of his state of Illinois. These relief measures include a tax rebate worth $50 for all individuals who earned below $200,000 in their 2021 income tax file. For a joint couple filing together, the amount is double at $400,000. Up to three dependents are eligible for a similar amount of inflation relief payment.
Illinois is also suspending tax on groceries through June 20 of the next year. it has also delayed increasing the motor fuel tax in the state and reducing the sales tax on back-to-back educational items between August 6 and August 14 this year.
Homeowners in Illinois will also get a tax break for earning less than $250,000 for individuals or double that for couples filing jointly.
Maine and New Mexico were the first off the mark with their inflation relief payments. While Maine has given out a single payment worth $850 to qualifying individuals. Couples filing jointly will get double that amount. Residents have to file their tax returns at the earliest to receive their payment.
New Mexicans will get a child tax credit that will be worth $175 per child and a refundable income tax rebate worth $250 for single filers who have qualified and double that for married couples filing jointly.