2023-12-27 17:26:37
In order to support their residents, several US states announced that They will issue stimulus checks in 2024.
These direct payments, which range from a few hundred dollars to more than $1,000, come from different sources, including property tax rebates and COVID-19 recovery funds.
Below, we share five states that will give stimulus checks:
Arizona
With the fiscal 2024 budget, around 743 thousand Arizona residents are expected to benefit from the new stimulus check program called ‘Arizona Families Tax Rebate’.
This program will offer a maximum of $750 dollars, giving $250 for each dependent under 17 years of age and $100 for each dependent over 17 years of age.
Taxpayers should have reported dependents on families’ 2021 tax returns.
California
By 2024, California will provide a one-child tax credit to qualifying families.
The credit It will be up to $3,600 dollars per qualifying child. There is also an additional tax credit for families with children under 6 years old, up to $1,083 per tax return.
Colorado
Colorado residents will receive TABOR refunds estimated at $847 for individual filers and $1,694 for couples filing jointly.
There is expected to be a return of approximately $3.28 billion to taxpayers.
TABOR, which stands for Taxpayer’s Bill of Rights, is a rule adopted in Colorado that controls how much money the government can collect and spend.
Maryland
Continuing its child tax credit in 2024, Maryland offers up to $500 per child under age 6 or with a disability. It is estimated that this credit will benefit 40 thousand taxpayers.
New Mexico
New Mexico residents have until May 2024 to file their tax returns and receive a refund check of up to $1,000.
Married couples filing taxes jointly, heads of household and surviving spouses They will receive up to $1,000 dollarswhile individual filers and married couples filing taxes separately may receive up to $500.
Keep reading:
– Tax refund of up to $1,200 dollars: which people can apply
– Stimulus check: who can apply to receive a direct payment of up to $1,200 dollars
– These are the stimulus checks that are available before the end of the year
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