Despite the ravages of inflation and the economic fallout from the Russian invasion of Ukraine, the federal government is unlikely to issue another stimulus check in 2022.
The last Economic Impact Payment was issued in March 2021, which means that it has been more than a year since Americans received a financial boost, in addition to last year’s enhanced monthly Child Tax Credit payments, which served as a economic lifeline for up to 36 million families.
However, states are implementing financial aid programs for this year. Even thousands of households are expected to receive direct payments starting this month, while other aid is yet to be approved by state legislatures.
Three states (California, Delaware and Indiana) are expected to make payments this month, while the city of Chicago is set to provide prepaid gas cards and transit cards.
Here’s what each state offers, or has proposed, to bring relief to its residents.
Governor Phil Murphy has proposed $500 stimulus checks for low-income workers who filed their most recent taxes using an Individual Taxpayer Identification Number (ITIN) instead of a Social Security number, this as an effort to include undocumented immigrants.
According to the state Treasury Department, more than 100,000 immigrants in the state (although state officials estimate up to 80,000 households would benefit) meet the criteria for the one-time payments; however, the Joint Budget Oversight Committee must first approve the use of these funds from the American Rescue Plan. Here we explain more.
Additionally, nearly 1.8 million homeowners and renters would get property tax refunds averaging $700 next year. The ANCHOR property tax relief program, which the Legislature is expected to pass, would offer substantial assistance to residents who pay property taxes, as well as renters. Open here for more details.
Gov. Kathy Hochul has proposed a property tax refund of between $425 and $970 for low- and middle-income households in the state, according to a Press release recent report on tax refunds for New Yorkers.
The state is also providing tax rebates for businesses and lowering taxes at the gas pump.
Additionally, New York began distributing $28 million in pandemic funds to help New Yorkers with struggling children cover expenses incurred during the COVID-19 pandemic.
The Pandemic Emergency Assistance fund will award $250 to families receiving public assistance with children 17 and under to help pay for housing costs, bills and other critical needs. This is a one time payment. Here we explain who qualifies and how to claim the money.
Because the state has a budget surplus from the last two years, it is returning some of that money directly to residents.
In 2021 and early 2022, the state sent two rounds of stimulus relief to California residents totaling $9 billion, according to a recent press release from the office of California Governor Gavin Newsom.
Newsom also announced that the state would send $400 to all vehicle owners, limited to two $400 checks, to offset economic hardship at the gas pump.
And, unlike the other California stimulus payments that have been issued, this one would have no income limit. Payments for this program are scheduled to be issued beginning in July.
Governor Brian Kemp recently signed into law stimulus payments for residents in the form of tax refunds.
Single filers would receive a single check for $250, those filing jointly would receive a check for $500, and those claiming head of household status would receive $375.
This money, which is being funded by a state budget surplus, is intended to help residents who are struggling with inflation.
There is no income limit on these payments, and they will be issued automatically to taxpayers who file or have filed income tax returns for 2020 and 2021. More details here.
Illinois Democrats are proposing stimulus checks statewide They would arrive in September.
The checks would be $100 per person and $50 per dependent in each household, with each household also eligible for up to $300 in property tax relief.
The proposal would also freeze taxes on groceries and gasoline for six months, as well as freeze taxes on school supplies for 10 days in August.
New Mexico residents can also receive up to $500 this year through a one-time tax refund. The refundable income tax refund is worth $500 for married couples filing jointly, heads of households, and surviving spouses with income between $75,000 and $150,000. Single taxpayers and married individuals filing separately with income less than $75,000 are eligible for a maximum of $250 in tax refunds.
In addition to that one-time refund, New Mexico residents may also be eligible for a state child tax credit of up to $175. These rebates will be issued automatically to residents who qualify, as long as they have filed a 2021 tax return with the state. Here you will find more information.
Gov. Janet Mills has proposed sending state residents who earn less than $100,000 and file taxes as a single entity in one-time payments of $850, according to a news release from the governor’s office.
In January 2022, Hawaii Governor David Ige proposed a refund of $100 for all taxpayers and dependents.
Several months later, the state legislature passed a measure that would give taxpayers who earn less than $100,000 a $300 check and $100 checks to those who earn more.
The legislation still needs to get the governor’s approval, although Ige has stated his support.
Idaho residents will receive refund checks of taxes or direct deposits in the amount of 12% of your 2020 taxes or a payment of $75, whichever is greater.
The Virginia Legislature proposes a one-time payment of $300 to all Virginia taxpayers.
The legislature is also working on two separate bills that seek to suspend the state gas tax for one year and suspend or reduce the state grocery tax.
Indiana residents they will also receive another stimulus payment for a maximum value of $125 per single adult or $250 per married couple. Most Indiana residents are eligible to receive these payments because they are being funded by a state budget surplus. Payments are scheduled to be issued beginning this month and will continue through the fall. The money will arrive via direct deposit or paper check, and will be sent to residents who filed their 2020 state taxes by January 3, 2021.