Record inflation figures and high prices of gas, other essentials, and utilities have forced many Americans to seek and hope for financial relief on the lines of the stimulus checks. But as federal initiatives dry out. It is the states, most of them flush with funds thanks to record revenues, revenues who are moving in to help their residents.
Residents of one state have already begun getting their stimulus checks.
Over a dozen states across the US have moved ahead with checks for their residents and a few have even initiated legislative measures to hasten the process while a couple of states have already begun sending out stimulus checks for their residents.
The administration has revealed that the main purpose of sending the stimulus check is to help out residents who have been badly affected by the inflation that was triggered by the pandemic, the supply issues, and the war in Europe.
Maine Among The First States To Roll Out Stimulus Checks
Maine is among the first states to start sending out stimulus checks to eligible residents in June. The one-time $850 stimulus checks from the state started going out on the first day of the month. The initial batch was a smaller one of 5,000 payments and the authorities increased the number from the second week.
Around 200,000 stimulus checks have started going out from the second week. So most residents who have filed their 2021 income tax return by May 31 should get their stimulus checks by July.
Gov. Janet Mills said that inflation had stretched to the brink the budget of most hardworking Mainers. She said that while there was little that the government could do to control international markets, she would ensure that residents of the state had what they required to fight the rising costs.
Governor Janet Mills has informed that over 50% of the state budget surplus ($729.3M) will go out directly to residents. She had the full support of legislators from both parties. That helped her to quickly move ahead with the bill as part of Maine’s budget back in April.
In a press release earlier she commended the hard work of the Republicans, Democrats, and Independents who came together to help out the people of Maine. She said that she was proud that she had been able to help them quickly. She said that the residents of the state will get some measure of succor during these desperate times.
Residents who file their returns after May 31 will get their payments on a rolling basis, but they can expect a considerable delay in getting them. The last day for filing the returns to claim the stimulus check is October 31, 2022. The payments are being sent through the US Postal Service and there are no direct bank transfers.
Around 858,000 Mainers are expected to receive the state stimulus check. The responsibility for issuing the relief payments has fallen on the Dept. of Administrative and Financial Services (DAFS).
Residents should not be deca lared as dependent by any other taxpayers to claim the stimulus check. The adjusted gross income of individual filers should be below $100,000. This group can also include married couples who prefer to file individually.
The corresponding figure for household heads is $150,000 while for married couples who file jointly the figure is $200,000.
New Mexicans To Start Receiving Their Second Installment Of Stimulus Check From The State
The second set of tax rebates from New Mexico is expected to start soon, maybe as early as next week. During the regular legislative session of 022, state legislators have given their approval to House Bill 163, which will enable the state to send tax rebates to residents of New Mexico.
People who have fielded their returns and have given their bank details to the administration will receive their stimulus check earlier. People who have opted for paper checks will have to wait for the check to be routed through the US Postal Service.
The payments will be sent by the New Mexican authorities to individual filers who have an adjusted gross income of $75,000 or less in 2021. They will qualify for a $250 stimulus check. Married couples who file joint returns must have an AGI of $150,000 or below on their income tax returns for 2021 to get the $500 stimulus check.
The Tax and Revenue authorities of the state have revealed that the paper stimulus check will be processed starting next week. The department has a limited capacity for printing the checks and has advised people to be patient in getting their stimulus checks as the whole process will take around a month.
Non-filers are also eligible for the rebate payments and will get their checks through the Human Services Department and should receive their payments by July.
This second round of payments follows an earlier round of payments that were sent in June. The third and final round of payment is scheduled to be dispatched in August.
California Residents To Start Getting Their $1,050 Stimulus Checks As Gov. Newsom And Lawmakers Have Reached An Agreement
Residents of California could expect to get a stimulus check soon to provide relief from record inflation that has pushed up gas prices to the highest in the country. Around 23 M Californians stand to gain a $1,050 stimulus check that will go out to taxpayers who qualify based on their income tax returns for 2021.
Gov. Newsom and legislators have chalked out a plan through a $17 B relief package that includes funds with $9.5 for an inflation stimulus check.
An estimated 23 M residents will receive up to $1,050 by the first quarter of 2023.
Gov. Newsom tweeted that millions of residents would receive the $1,050 stimulus check as part of the NEW middle-class rebate. He said that the money would help residents put food on the table and fill their gas tanks.
Qualifying For The California Inflation Relief Stimulus Check
Residents who have an adjusted gross income of $75,000 or less will receive a $350 stimulus check plus the same amount for dependents. Married couples filing jointly will receive double that amount. Thus, a joint filer with a dependent will receive a $1,050 check.
This is the highest check allowed under the proposed scheme. Filers with income between $75,000 and $125,000 will receive $250 per filer plus the same amount for a single dependent.
Residents earning between $125,000 and $250,000 will receive $200 per filer plus an identical stimulus check for one dependent.