To continue the pandemic’s recovery, Democrats approved the American Rescue Plan Stimulus Check, a comprehensive Covid-19 relief plan, in 2021. These, together with other legislation implemented by the previous administration, enabled the US economy to recover from a recession at its quickest rate ever.
The pandemic reaction resulted in tremendous financial hardship for the millions of citizens of the country.
Congress approved the Coronavirus Aid, Relief, and Economic Security Act in an effort to reduce the suffering, and it stipulated that $2.3 trillion would be put aside for the payment of stimulus cheques. In total, three sets of payments totaling about $1,200 for each person and $500 for each child were made. The last payment was made in 2021. However, a large section of the population actually experienced the hardship. Some states decided to develop their own stimulus plans as a response.
Stimulus Checks To Be Distributed In A Few States
The Middle-Class Tax Refund in California allowed residents to receive payouts ranging from $200 to $1,050- completely conditional on dependents, income, and tax filing status. If you filed your 2020 tax return by the 15th of October 2021, met the state’s adjusted gross income limits, and did not declare any dependents in the tax year of 2020, you would be eligible for this payout.
Additionally, to be eligible for the payment in 2020, a person must have lived in the state for at least six months and must still be a resident on that date. Colorado Cash Back provided stimulus check distributions of $750 for single taxpayers and $1,500 for joint filers by the 30th of September 2022 for those who had timely filed their taxes for the year 2021. The measure was believed to provide people with a little reprieve.