Monday, December 4, 2023

These 4 US states will hand out stimulus checks in October

October is closing in on its first week, and some Americans will find themselves paying stimulus checks this month. There are four states to proceed with refund delivery throughout the month. Along the lines, find out where the deliveries will be made, the amount, and what you need to access the benefit that reaches up to US$2,500, depending on the jurisdiction.

The amount of the benefit varies according to each state and the number of members in each family. In Washington, for example, they give tax credits of up to US$1,200 per family, while in Minnesota, direct tax payments for the 2021 tax year are sent to eligible residents.

On the other hand, in New Mexico, they give aid even to non-taxpayers, and in Montana, assistance is provided based on the income of individuals. More details are below.

In October 2023, Stimulus Checks Will Continue To Be Delivered To Four States In The United States

In which US states will stimulus checks be paid in October?

WASHINGTON

Tax Credit for Working Families Washington State offers a sales tax refund for low- and moderate-income residents who meet certain requirements. The amount ranges from US$300 to US$1,200, depending on the number of eligible children and the income level.

What are the requirements?

To receive state stimulus checks, these requirements must be met:

  • Have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number.
  • I lived in Washington for at least 183 days in 2022 (more than half a year). See the question and answer for more information.
  • Be between 25 and 65 years old. Those who have an eligible child in 2022 are also eligible.
  • Submitted the federal tax return corresponding to the year 2022.
  • You may be eligible to claim the federal Earned Income Tax Credit (EITC) on your 2022 tax return.

MINNESOTA

In the state of Minnesota, since August, residents have received financial assistance of up to US$1,300 (a couple with three dependents) as part of a tax refund program approved in 2022. The amounts vary according to the situation of each house.

  • US$520 for a married filing with an adjusted gross income of US$150,000 or less.
  • US$260 for all other persons with an adjusted gross income of US$75,000 or less.
  • Another US$260 for each dependent claimed on your return, up to three dependents (US$780).

What are the requirements to qualify?

You are eligible for stimulus checks if:

  • You live in Minnesota for part or all of 2021.
  • You filed one of the following returns before December 31, 2022: 2021 Form M1, Individual Income Tax/2021 Form M1PR, Homestead Credit Refund (for Homeowners), and Renter’s Property Tax Refund.
  • 2021 adjusted gross income is $150,000 or less for married joint filers, or US$75,000 or less for all other taxpayers.
  • You are not admitted as a dependent on someone else’s 2021 Minnesota income tax return.

It should be noted that this payment is not taxable on the Minnesota income tax return and will not be taken to pay any outstanding taxes or debts we collect on behalf of other agencies.

Stimulus Analysis In 4 Us States

New Mexico implemented refunds for its taxpayers as well as economic relief payments to residents who were not required to file taxes. This benefit has been granted since June and can be claimed until May 2024.

  • Married couples filing jointly qualify for a $1,000 tax refund.
  • Individuals filing separate tax returns, whether single or married, are also eligible for a $500 refund.
  • For New Mexico residents who do not qualify for the above refunds, the assistance fee will be between US$500 and US$1,000.

What are the requirements?

Residents must file a 2021 return by May 31, 2024.

They are not declared dependents on another taxpayer’s return.

Assistance payments for New Mexico residents who do not qualify for the above refunds The amount has not been determined.

The amount of the individual’s tax refund depends on the taxpayer’s 2021 filing status and the amount of tax paid for that year, which can be found on line 20 of the 2021 Montana Form 2.

  • Single, head of household, or married marital status: the refund will be up to US$1,250. (Individual declaration)
  • Married taxpayers: if you file a joint return, the amount is up to US$2,500.

These are the requirements

You are eligible if:

  • You were a resident of Montana for the entire 2021 tax year, beginning January 1, 2021.
  • You filed a 2020 Montana resident or part-year resident return.
  • You filed a 2021 Montana resident tax return.
  • You filed your 2020 and 2021 Montana tax returns before the due date for the 2021 tax year (including extensions).
  • You are not claimed as a dependent of another taxpayer for federal or Montana income tax purposes in the 2021 tax year.
  • Line 20 of your 2021 Montana Form 2 has an amount greater than zero.
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