Federal Plans for a 4th Stimulus Check: What You Need to Know

All You Need To Know About Federal Plans For a 4th Stimulus Check

(NewsReady.com) – The federal government issued three rounds of economic impact payments during the height of the COVID-19 pandemic. Unfortunately, Congress has made it clear that they will not be issuing another stimulus check in the near future. While work is slowly rebounding from the pandemic shutdowns, inflation is causing dramatic rises in post-pandemic prices. As such, many Americans are left wondering if they will be issued a check in 2022.

Some states are taking it upon themselves to provide direct payments and other rebates to their residents to combat the rising post-pandemic prices. Read on to learn more about these refunds, eligibility requirements, and participating states.

Is Your State Issuing Stimulus Checks?

According to Forbes, the following states have already approved rebate legislation for all or some of their residents; they are:

Georgia

Governor Brian Kemp is issuing tax rebates to eligible citizens in Georgia who filed for 2020-2021. They can receive up to $250 if they filed as single, $375 for head of household, and $500 for jointly filing married couples.

Indiana

Indiana residents who filed their 2021 tax returns will be eligible for a one-time payment of $125. Married couples who jointly filed will receive up to $250. These refunds will be issued later this summer via direct deposit or check.

Minnesota

Courtesy of Governor Tim Walz, frontline and essential workers and first responders will be eligible for a one-time payment of $750. These workers must apply to the Minnesota Front-line Worker Pay Program by July 22 to be eligible.

New Jersey

Governor Phil Murphy announced a 2023 $2 billion tax relief program. This program, also known as (ANCHOR) the Affordable New Jersey Communities for Homeowners and Renters, provides the following benefits:

  • Households making $150,000- $250,000 will receive $1,000 per year in property tax credits.
  • Renters making less than $150,000 will receive $450 per year in property tax credits.
  • Households making less than $150,000 will receive $1,500 per year in property tax credits.

While New Jersey residents won’t see physical checks in 2022, they may be able to receive huge savings on their 2023 tax returns.

Hawaii

According to Governor David Ige, Hawaiians earning 100,000 per year or less will receive a tax rebate of $300. They can still receive $100 back if they make over this cap.

Colorado

Colorado residents can look forward to $400 later this year, according to Governor Jared Polis. If you filed your 2021 tax return by June 30, you could receive your refund as early as September. The refund amount will vary based on state revenue totals, and residents may be able to receive more.

New Mexico

New Mexico residents will receive multiple tax rebates during 2022, according to legislation enacted by Governor Michelle Lujan Grisham. Residents earning $75,000 or less annually can receive up to $750 in rebates under these programs. These rebates will be applied to eligible residents’ owed taxes or issued as part of their tax refund.

Idaho

Governor Brad Little enacted a plan to give over 800,000 rebates to Idaho residents who filed their 2020-2021 tax and grocery credit refunds. Eligible residents will receive either $75 or 12% of their state taxes, whichever is more. These refunds will be issued via direct deposit or check later this year. Check the status of your rebate here.

Maine

Residents of Maine will receive $850 in direct relief payments if they make less than $100,000 per year or $150,000 as head of household. Couples who file jointly will receive a total of $1,7000 and can make up to $200,000.

Even if you are not usually required to file your taxes, if you submit your return by October 31, 2022, you can still qualify for this payment. Check with your state offices to learn more.

Delaware

Starting in May, Delaware residents were issued $300 direct relief payments If they filed their 2020 tax refund. If you feel you should have received this payment and did not, you can check the Delaware Department of Finance’s website to find out the status.

Remember, just because the federal government is not issuing stimulus checks does not mean you will not be able to receive funding in 2022. These nine states have enacted legislation to support their residents due to pandemic-related inflation. Even better, several states are currently in the planning stages of similar legislation. If your state is not yet on this list, keep checking back as we will update you with more information as it is available.

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