As the epidemic wiped out millions of employment and made it difficult for Americans to maintain their household budgets, stimulus cheques became all the rage in 2020. Some states are still disbursing stimulus-style payments, even though the majority of the pandemic-era funding dried up years ago. After receiving millions of dollars in aid for the pandemic from the federal government, states like New Mexico along with Montana were able to provide these refunds since their budgets saw a surplus.
Stimulus Checks; Source- Forbes
Montana
Over the following two years, homeowners in Montana might get property tax refund checks totaling a maximum of $1,350. A person must have owned a residence in Montana for at least 7 months the year before and have paid real estate taxes on it to be eligible. While the report asserts can require up to 90 days to be processed, rebates made online will be issued within 30 days after filing. Starting on August 15, homeowners can start the rebate application process by going to getmyrebate.mt.gov. The deadline for claims is October 1.
New Mexico
A $15 million project to distribute state excess monies recently provided “economic relief” payments totaling $500 or $1,000 to some 26,000 low-income New Mexicans. Nearly 1 million citizens who submitted tax forms in 2021 received individual income tax rebates from the Land of Enchantment, with amounts varying from $500 to $1,000. At the end of June, these checks were sent out. The deadline to submit the 2021 tax refund and obtain the refund payment is May 31, 2024, for all residents of the state.
Illinois
In September of a year ago, payments to start receiving property and income tax reimbursements for about six million citizens. Rebates for real estate taxes can go up to $300. Couples filing jointly may be eligible for up to $100 in income tax rebates, compared to single filers who may receive $50. Families with children may be eligible for up to $300.
Minnesota
About 2.1 million Minnesotans have received up to $1,300 in income tax refunds as of this week. Individuals with estimated gross incomes of $75,000 or less in 2021 will receive payments of $260, while married couples filing jointly with estimated gross incomes of 150 thousand dollars or less will receive payments of $520. Families who qualify will also receive an additional $260 for every dependent listed on a tax return, up to a maximum of three, for a total of $1,300.
Massachusetts
The Bay State’s estimated total of $2.9 billion in rebate payments was expected to benefit about three million taxpayers. These sums represent approximately thirteen percent of a resident’s state income in 2021. The majority of taxpayers have probably already received these payments, and those who haven’t have till September 15 to submit their 2021 state income taxes to qualify.
Idaho
Idaho expects to distribute up to 800,000 reimbursements, totaling $500 million, before the end of the current fiscal year. For those who file their state taxes separately, the Special Session Rebate cheques range from $300 to $600 for those that file jointly. Those who spend the complete calendar years 2020 as well as 2021 in the Gem State are eligible.
