Stimulus checks in the USA: which states will give them, beneficiaries and key dates
Inflation has been hitting Americans finances hard. To help ease the higher costs to households, various states have issued tax refunds or stimulus checks.
As the US economy came roaring back after one of the deepest but shortest recessions in US history, the disruptions caused by the pandemic and other world events has driven inflation to its highest level in over 40 years. While the clip of rising prices slowed in the latest Consumer Price Index report, at an interannual rate of 8.2% in September, households are still reeling.
The high cost of living has prompted states across the nation to approve sending tax refunds or stimulus checks as relief from high prices. These checks, some of which are going out in Republican-led states, come as many GOP leaders have tried to blame high inflation on stimulus checks Democrats passed in Congress in March 2021 through the American Rescue Plan.
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Stimulus checks in the USA: which states will give them, beneficiaries and key dates
California
The state government approved the sending of the Tax Refund for the Middle Class of up to $1,050. Payments will begin to be sent starting in October and continue through January of next year.
Californians who received a Golden State Stimulus payment (GSS I and II)
Between 7 October and 25 October 2022 the California Franchise Tax Board (CFTB) will issue direct deposit payments to residents who received a GSS I and II. Then, starting on 25 October through 10 December 2022, the agency will begin to mail debit cards to those who received the GSS I or II.
Californians who didn’t receive a Golden State Stimulus payment (GSS I and II)
Californians that didn’t receive a Golden State Stimulus payment but are eligible for the Middle-Class Tax Refund, which is also being called an “inflation relief check,” will be sent via direct deposit between 28 October and 14 November 2022. The remaining debit cards will be mailed by 15 January 2023 and their arrival will depend on the post office.
South Carolina
Tax refunds of $100 to $800 are expected to be sent out in late November or December.
To receive the check, one must have filed a “South Carolina Individual Income Tax return (SC1040) for the tax year 2021 by October 17, 2022.” Those who have met this deadline will receive their check by 31 December 2022. Those who file are still eligible but will not receive their payments until March 2023.
Illinois
Taxpayers who earned less than $200,000 in 2021 will receive a $50 refund; couples filing jointly with income less than $400,000, $100. Additionally, taxpayers can earn $100 per dependent they claimed on their 2021 taxes, up to three dependents. In total, a family of four can earn up to $300.
Indiana
The Indiana Legislature approved sending $200 dollars to residents, money to be sent this month. Those who are eligible include people who receive Social Security benefits and those who were “not claimed as a dependent on someone else’s tax return.” No forms need to be submitted to receive the payment.
New York
Later this month, New Yorkers who received the Empire State Child Credit and/or the Earned Income Credit for their 2021 state tax returns will be able to receive an average payment of $270. No actions need to be taken to receive the payment.
Virginia
Taxpayers will receive tax refunds of $250 ($500 for those who file a joint return). 2.9 million refunds will be issued by 11 October. Eligible residents who filed before 1 July should receive their refund by 31 October. The rest of the checks will be sent in the remainder of the year.