Stimulus checks were a huge part of the recovery act stemming from the COVID-19 pandemic. In 2023, the federal government has not released any plans for new stimulus checks. However, some states are stepping up and sending their own form of stimulus checks.
These fresh rounds of stimulus payments are restricted to eligible residents of the respective states. The amount of the stimulus payment and the criteria to qualify vary widely among these areas. Continue reading to find out whether your state is included in issuing a tax stimulus check and to understand the associated amount and eligibility terms, if applicable.
Alaska
Qualified Alaska residents may see some extra money headed their way. The Alaska Permanent Fund Dividend allocates an annual dividend from the state’s mineral revenue to its residents. The payout sum is determined by the number of qualified candidates during the dividend year.
While the annual deadline for applications typically falls on March 31, there are certain allowances. According to the Permanent Fund Dividend’s official website, “Those who submit an online application and choose direct deposit as their preferred mode of payment, and are deemed eligible by September 22, 2023, will have their 2023 dividend directly deposited into their accounts on October 5, 2023.”
Online and paper applications that are verified and determined to be eligible for payment by October 18 of the same year should see their money on October 26th.
Massachusetts
Since November 1, 2022, Massachusetts has been sending out payment of state tax refunds to qualifying taxpayers who were eligible to get back 14% of their 2021 state tax dues.
For those who haven’t submitted their 2021 tax returns, there is still a chance to benefit from a refund if they file by September 15, 2023. Once a person qualifies, the refunds should be processed and received roughly four weeks after the filing date.
Minnesota
Following a recent amendment in the tax laws, the Minnesota Department of Revenue is set to issue one-off tax rebate payments to eligible residents for the 2021 tax year. The law, enacted on May 24, 2023, stipulates payments of $520 for married couples who filed jointly and had an adjusted gross income not exceeding $150,000.
All other eligible individuals with an adjusted gross income of $75,000 or less can receive $260, in addition to an extra $260 per dependent claimed on their return, capped at three dependents (totaling $780).
Montana
The Montana Business & Income Tax Division has confirmed that Governor Greg Gianforte has enacted state House bills to extend tax rebates to qualified taxpayers in Montana.
House Bill 192 is designed to provide a tax rebate for personal income taxes that were paid during the 2021 tax year. The rebate will be either $1,250 or the figure listed on line 20 of their tax form, whichever is lower, for taxpayers who filed as single, head of household, or married filing separately. In the case of taxpayers who filed as married and jointly, the rebate will be either $2,500 or the figure on line 20, again, whichever is lower.
House Bill 222, also known as the Property Tax Rebate, offers a rebate of up to $675 annually for property taxes paid on a main residence. There are rebates accessible for property taxes that were paid for the tax years 2022 and 2023.
New Mexico
The New Mexico Taxation and Revenue Department began sending out rebate checks of a maximum of $1,000 to married couples filing joint returns, heads of households, and surviving spouses, and $500 to single filers and married individuals filing separately, starting from mid-June.
Those who qualify and filed their 2021 income tax return without being claimed as a dependent on another tax return should receive their payment automatically. This rebate is open to New Mexico residents who have filed or are intending to file their 2021 state income tax return by the deadline of May 31, 2024.
The state has also made provisions for residents who aren’t eligible for the above rebates. As stated on its Taxation & Revenue website, while the specific amount hasn’t been decided yet, $15 million has been set aside for these payments.
Washington
The Washington Working Families Tax Credit is set to offer payments ranging from $50 to $1,200 to eligible residents in the state. These payments will be disbursed to individuals and families who satisfy specific eligibility criteria, which are determined by your income level and the number of qualifying children in your household.
This provision extends to undocumented workers and any others who employ an Individual Taxpayer Identification Number for their tax purposes. Those who qualify for this payment will have a three-year window to claim their credit.
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