MILLIONS of Americans will receive up to $1,700 in additional financial aid through direct payments from their state this month.
Five states are putting money back into the hands of residents to offset rising costs from inflation.
Maine, Oregon, and Indiana send up to $1,700, $600, and $250, respectively, nationwide.
These payments depend on tax return status and income.
Eligible residents of Chicago, Illinois can apply for transit and fuel card money each month.
Between 2,300 and 2,400 eligible residents in Johnson County, Iowa, are also scheduled to receive $1,400 in stimulus payments this month.
Read our Stimulus Live Blog for the latest news and updates…
Indiana’s Payments, continued
Any taxpayer who filed their 2020 taxes before January 3, 2022 qualifies for the money.
In addition, Indiana Gov. Eric Holcomb has proposed returning more money to taxpayers.
If approved, each eligible Indiana resident would receive payments totaling about $350, according to the governor’s office.
Married couples applying together would receive approximately $700.
85% of Indiana adults receive payments
Millions in the state of Indiana received their payback payments in May.
Refunds are $125 per person and $250 for married couples.
About 4.3 million Hoosiers will receive the $125 payment, about 85% of the state’s adult population.
Direct deposits will be made throughout the summer, while residents who have opted for a paper check can expect them to arrive in July or August.
What is Chicago Moves?
Mayor Lightfoot’s Chicago Moves plan is a financial assistance program aimed at providing financial relief to Chicago residents struggling with transportation costs.
The mayor said it will make Chicago the first and largest major city in the country to offer this freebie.
People living in the southern and western boroughs of Chicago receive 75% of fuel card money.
The remaining 25% of the money will be distributed citywide.
The transit cards can be used to purchase public transit tickets at Ventra vending machines at CTA stations, Ventra outlets across the city, or digitally through the Ventra website or mobile app.
Gas Costs in Chicago, continued
Recipients are randomly selected and notified by email.
Chicago will issue up to 50,000 prepaid fuel cards worth $150.
And there will be 100,000 $50 prepaid public transit cards under the program.
The lottery will last until September, giving residents more chances to apply.
Chicago helps with gas costs
Eligible residents of Chicago, Illinois may request a $150 payment to help with travel and gas expenses.
To apply, you must be a Chicago resident, be at least 18 years old, and have a current and valid city sticker with the correct shipping information for your vehicle.
Your income must be at or below 100 percent of the Chicago area median income.
Registration deadline for the next lottery is Friday July 1st.
Maine discount, continued
The discounts depend on your 2021 tax return, which must be submitted by October 31st.
If you have been claimed as a dependent, you will not be able to receive the payment.
Payments are transferred to bank accounts depending on when taxes were issued.
Almost 200,000 tax refunds are due to be paid out each week, so most payments will be made by June 30th.
Maine has been making payments to residents since early June.
Payments are in the form of tax refunds and have an income requirement.
To qualify, individuals must have an income of no more than $100,000.
However, heads of households and couples can have incomes of $150,000 and $200,000.
Eligible individuals receive $850 in checks, while the average family receives $1,700.
Eligibility for Oregon Payments
To qualify for the loan, singles or heads of household with no children must not have exceeded 2020 gross adjusted income (AGI) of $15,820.
According to the Internal Revenue Service (IRS), that number was $21,710 for married couples.
If you have children, the following income limits apply:
- Singles with one child: $41,756
- Married couples with one child: $47,646
- Singles with two children: $47,440
- Married couples with two children: $53,330
- Singles with three children: $50,594
- Married, three children: $56,844
How many economic stimulus packages have been launched?
There have been three federal economic stimulus programs since 2020.
The first contained checks worth $1,200, the second was worth $600, and the third was worth $1,400.
States have also introduced stimulus programs to help American workers.
41 cities and states offer unconditional basic income payments
UBI is a series of recurring payments that individuals receive from the government.
They can be paid monthly, several times a year or only once a year.
The guaranteed income can be financed from government or private sources.
While another federal stimulus package is unlikely to be passed, some states and cities are sending UBI payments, or guaranteed income, to their citizens.
The Sun has compiled 41 different UBI examples, including in states like Alaska, Arizona and Georgia.
Oregon checks, continued
To be eligible, you must qualify for the earned income tax credit and claim it on your 2020 tax return.
The filing deadline was December 31, 2021 or April 15 for an amended declaration. Anyone who misses the deadline will not receive the one-off payment.
However, you can still amend your federal and Oregon returns to claim the earned income tax credit for that year.
Alaska’s Permanent Fund
One such example is Alaska’s Permanent Fund.
Alaska has given checks to its citizens under the fund designed to provide citizens with a portion of the state’s oil revenues.
To qualify, you must have been an Alaskan resident for at least one year, but you are not eligible if you have been convicted or imprisoned for state crimes.
This year, Alaskans will receive a $2,550 payment from Alaska’s Permanent Fund.
The Oregon Department of Revenue (DOR) said it is issuing more than 236,000 stimulus checks this week.
They’re worth $600 each under the state’s $141.8 million one-time assistance plan approved by lawmakers in March.
The stimulus payments will go to low-income workers who have worked during the pandemic.
https://www.the-sun.com/money/5681454/fourth-stimulus-check-update-live-2022/ 4. Stimulus Check Update 2022 – Five payments worth up to $1,700 going out this month – the exact dates they will arrive