Stimulus Check Update: Americans in 5 States Can Expect Payments This Year

Even though federal rebates have ceased, taxpayers can still avail of many rebates in 2024. Tax Prep Tech's founder, Zack Hellman, communicated the shifting focus towards economic recovery, and mentioned that while fresh stimulus checks are not currently on the legislative agenda, there are alternative direct payments or tax credits that individuals can benefit from via their state or local governments. There are five states offering direct payments this year, with specific eligibility requirements. Some of these payments result from state budget surpluses or are targeted programs aiming to assist vulnerable communities. A list of this month's available rebates is ready.

In this state, an approved new rebate enables around 743,000 residents to obtain cash. Eligible taxpayers can receive $250 for every dependent they claim over the age 17, up to a maximum of $750. The Governor asserted his understanding of dependency on financial aid and his resolution to make life easier for residents. He expressed his delight at the implementation of the Arizona Families Tax Rebate.

Similarly, the residents of this state have something to be pleased about as the year begins, with a one-time tax credit of up to $3,600 available. A "young child tax credit" of up to $1,083 is also offered by California, provided one qualifies for the California earned income tax credit and has a child under the age of 6. By filing your 2021 tax credit before April 18, 2025, the tax credit increase is automatically given.

Residents of this state will also not lose out on rebate payments this year. Eligible individual filers will get $847, and joint filers stand to receive $1,694, thanks to the TABOR refund. For the first time in 2024, the same amount will be awarded to all taxpayers. With this change, higher earners may receive less than typical refunds, while lower income earners may receive more. The state acquired $3.6 billion more than what TABOR regulations allow during 2023, thus the remaining amount should be returned to taxpayers.

This month, residents can potentially secure additional funds through the yearly child tax credit, which provides up to $500 per child. The credit targets families with children under 6 or children with disabilities. The state indicated that about 40,000 taxpayers qualify, as they must have a federally adjusted gross income of $15,000 or lower. Taxpayers from New Mexico can receive a rebate check of up to $1000. Every taxpayer who files their 2021 tax return by May 31, 2024, and is not a dependent on another person's tax return is eligible. Single filers can receive $500, and joint filers could get up to $1,000. Newsweek remains dedicated to challenging established views and uncovering links in the quest for mutual understanding.