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stimulus check

These US states will send stimulus checks in 2024

by Chief editor of world-today-news.com January 3, 2024

written by Chief editor of world-today-news.com

Although the outlook for the COVID-19 pandemic appears to be improving, the issuance of stimulus checks and other economic aid will not stop in 2024.

Various states in the United States have announced their plans to maintain financial support for their citizens over the next year, with amounts that could exceed a thousand dollars.

Below, we highlight some of the states that have confirmed their commitment to continue supporting their residents:

Texas

In the state of Texas, the Family Assistance Program will be implemented, focused on providing support to families through various financial mechanisms. Benefits include tax refunds, tax credits and direct aid, which are estimated to exceed $1,000 per household. This program seeks to counteract the economic effects generated by the pandemic.

Florida

In Florida, the Citizen Stimulus Plan will be launched, which seeks to inject resources directly into the local economy. Residents could receive stimulus checks whose amounts will vary depending on the size of the family unit and the financial situation of each individual. In addition, additional measures will be implemented to boost job creation and a return to economic normality.

Illinois

The state of Illinois has announced the continuation of the Tax Relief Program, which includes the delivery of stimulus checks to eligible taxpayers. It is expected that these payments will contribute to mitigating the economic difficulties faced by the population in recent years. Individual amounts could exceed one thousand dollars, depending on income and family composition.

Ohio

In Ohio, the Recovery Support Program will remain active in 2024. This program offers economic benefits to those who have experienced financial losses during the pandemic. The stimulus checks distributed are expected to exceed $1,000, providing significant relief to thousands of residents.

It is important to note that each state has its own specific criteria and programs, so citizens are recommended to pay attention to updates from local authorities. The diversity of benefits seeks to address the different needs of the population, from tax refunds to direct aid, with the intention of boosting economic recovery at the regional level.

January 3, 2024 0 comments

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New tax refund available before the end of the year in the United States

by Chief editor of world-today-news.com December 12, 2023

written by Chief editor of world-today-news.com

A tax refund of up to $1,200.00 USD is on schedule for Washington residents before the end of 2023.

This is the Working Families Tax Credit (WFTC), in which taxpayers could receive from $50.00 USD to $1,200.00 USD.

But, to do this, interested parties must be active and claim it before the possibilities of requesting it are reduced with the end of the year.

The amount they receive will depend on factors such as income, the number of members and the number of dependents they have.

What are the eligibility requirements?

The first thing is to have a Social Security number, ITIN or official identification. They must also have lived in Washington more than half the year.

You must be at least 25 years old or no older than 65, and those who have a qualifying child in 2022 are also eligible.

On the other hand, it is important to have filed a 2022 tax return. Finally, you must be eligible to claim the federal Earned Income Tax Credit on your 2022 tax return.

Washington residents have until December 31 to apply for WFTC. To do this, you must present a copy of your federal tax return that you submitted to the Internal Revenue Service (IRS).

The Social Security Number or Personal Taxpayer Identification Number (ITIN) is also necessary.

Also required are the date of birth of the taxpayer, spouse and children, and driver’s license or state identification number.

Finally, the postal and residential address as well as the bank ID and account number are required if you choose direct deposit.

There are several ways to apply. This can be online or by electronic submission. If done online, it would be through MyDOR, the tax filing system, which is available in English and Spanish.

If done electronically, tax preparation software provided by various companies must be used. But in addition, the application can also be submitted by mail or in person with a PDF download.

December 12, 2023 0 comments

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On December 14 they will send a stimulus check in this state

by Chief editor of world-today-news.com December 6, 2023

written by Chief editor of world-today-news.com

Stimulus checks from the Permanent Fund (PFD) may be received by some residents of Alaska, in the United States. This money is intended to help state residents with their spending at the end of the year.The Permanent Fund money comes from the Permanent Fund of Alaska. This is nothing more than a fund fed by income generated from the exploitation of the state’s natural resources such as oil.

Here it should be clarified that only people who apply for this stimulus can receive it. In this sense, the next deadline to submit applications will be January 1, 2024.

That is, they could qualify for the 2024 PFD payment, even those who did not receive the 2023 payment. Thus, the amounts of PFD money in Alaska depend on the year in which they are received.

If we take last year as a reference, we find that the payments were $3284.00 USD. However, this December the stimulus checks that will arrive will be worth only $1312.00 USD.

But regardless of this, it is still a good amount of money, even if there is a difference of $1972.00 USD.

The PFD announced that it will make two more payments

On December 14, 2023, the first of these two payments will be made. To do this, interested parties must verify the status of their payment on December 6, and thus check when they will receive it.

In case you see that you are eligible on December 6; then you will receive your stimulus check of $1312.00 USD on the 14th.

Meanwhile, the second of these payments will take place on January 18, 2024. To receive them, applicants must meet the residency requirements.

In this sense, they must live in the state throughout the year; and it is not only necessary to be a resident. They must also intend to continue living in Alaska.

If you do not meet these residency requirements, you would not be eligible for this Permanent Fund stimulus check. Meanwhile, Alaskans who have claimed residency elsewhere will also not be eligible.

December 6, 2023 0 comments

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States issuing stimulus checks in December

by Chief editor of world-today-news.com December 5, 2023

written by Chief editor of world-today-news.com

Several states continue to issue stimulus checks during December. Financial aid reaches thousands of beneficiaries in the United States every day. Financial relief can be perceived in several ways; as a tax refund or through a stimulus check. In all cases, direct payments will be made to the eligible person. Here we tell you which states issue payments before the end of the current year.

States that pay in December

On December 1, Alabama began sending tax refund checks to its eligible residents. To obtain this direct payment, state taxpayers must have submitted a 2021 Individual Income Tax return.

Meanwhile, the state Department of Taxes must have received it on October 17, 2022 or before to qualify. The payment to be received is up to $300.00 USD for taxpayers who filed a joint return and $150.00 USD for single taxpayers.

Meanwhile, in Alaska the permanent fund dividend (PFD) belonging to the year 2023 is sent. The figure to be received as of December 14 is $1,312.00 USD. The payment will go to people who appear in “Eligible-Not Paid” status by December 6.

In the state of Montana, stimulus checks have been received since last June. Financial aid comes in the form of individual income tax refunds. Individual taxpayers get $1,250.00 USD or the amount on line 20 on Form 2, whichever is less.

Refunds have also been sent in New Mexico since last June. Individual taxpayers filing a 2021 personal income tax (PIT) return are eligible for a refund of $500.00 USD and joint taxpayers for $1,000.00 USD.

Finally, in Washington its residents have until the end of December to apply for the Working Families Tax Credit (WFTC). It provides payments of between $50.00 USD and $1,200.00 USD. The deadline to claim the credit is the 31st. It may take up to 90 days to process the application and receive the refund.

December 5, 2023 0 comments

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monthly payments of $2,000 for millions of people in the United States. Find out if you qualify

by Chief editor of world-today-news.com December 4, 2023

written by Chief editor of world-today-news.com

In the last few hours, the execution of a new economic boost initiative has been confirmed: The increase in the amount of monthly payments up to $2,000 for millions of people in the United States. We tell you in detail.

In a surprising move, the Biden administration has revealed plans to raise certain monthly payments to a generous $2,000. This announcement comes amid widespread anticipation about an expected fourth stimulus check for residents in the country.

Although some states have already implemented their own versions of a “fourth stimulus check” through the Economic Impact Payment and other refunds, news of the increase in monthly payments has generated renewed interest and anticipation among potential recipients.

How much are the new stimulus checks?

In a statement, the Biden administration explained that the measure seeks to address the increasing rate of inflation, thus justifying the need to increase monthly payments from $1,800 to the new figure of $2,000. This increase will not only benefit seniors and veterans, but also low-income households and people with disabilities.

Who benefits from the new stimulus checks

Eligibility for the new monthly stimulus check will be subject to specific criteria established by the federal government. Those with an adjusted gross income (AGI) of up to $75,000 for individuals, up to $150,000 for married couples filing jointly, and up to $112,500 for heads of household are expected to be eligible for the financial boost.

President Joe Biden promised to provide a full explanation of the plan to increase the monthly payment to $2,000, ensuring that this measure will benefit a wide range of American citizens. As the proposal moves forward, the focus is on how this new economic boost will positively impact the economy and the lives of those who will receive it.

December 4, 2023 0 comments

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Residents of these states will receive stimulus checks in the last week of November

by Chief editor of world-today-news.com November 28, 2023

written by Chief editor of world-today-news.com

The Internal Revenue Service (IRS) of the United States of America will provide economic aid to several states in the country before the end of November. This is important information for citizens who want to increase their finances in the last days of 2023. The states that will benefit from monetary support from the IRS are Virginia, Arizona and Alabama.

Some time ago the nation’s government stopped issuing stimulus checks, because the crisis caused by the Coronavirus has been decreasing. However, there are still many Americans who have difficulty meeting monthly expenses due to high inflation rates.

For this reason, the IRS made the decision to make tax refunds to taxpayers who systematically comply with their tax duties. The federal agency reported that the refunds will begin to be delivered on November 30 of this year.

Since the national administration stopped implementing financial contributions, most states took the initiative to contribute to their inhabitants. States have various types of programs to benefit residents and the IRS also participates in these benefits.

The figures that will be distributed

Inflation levels registered historic values in previous months, which weakened the financial capacity of Americans. In the coming days, the IRS has prepared a check with a maximum amount of $2,000.00 USD, for the population that pays its tax obligations.

In Alabama, $393 million dollars are planned to be distributed as tax refunds. This money is part of a $2.8 billion budget that belongs to the Education Trust Fund.

There are also more states that have joined in making monetary contributions to their citizens. These states are New York, Georgia and Florida, which plan to deliver stimulus checks with various amounts of money.

November 28, 2023 0 comments

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