Is a fourth stimulus check on the way? If you qualify for certain state benefits, you could end up with a lot more money in your bank account. According to Newsweek, residents of certain states may be eligible for additional payments ahead of the national tax filing deadline.
While the third batch of stimulus checks were mailed to eligible Americans last year, those who did not receive one may still be able to apply before the April 18 tax filing deadline.
IS THERE A FOURTH STIMULUS CHECK?
Furthermore, several states, according to Newsweek, have passed legislation that will provide residents with more outstanding monetary payments once their taxes are filed. Georgia Governor Brian Kemp signed legislation in March that will provide additional cash to qualified Georgia residents after they file their taxes.
The governor’s office stated in a statement that “HB 1302 will provide a one-time tax credit for taxpayers who filed income tax returns for both the 2020 and 2021 taxable years.” They also stated that the additional credit will be issued by the state revenue department whenever a taxpayer files their taxes for 2021. Single filers will receive $250, while married couples will receive $500. A $375 payment will be made to a taxpayer who is considered the head of the household.
A Fourth Stimulus Check Will Be Sent to Some Taxpayers
Similar legislation was enacted in Indiana, according to Newsweek, with Gov. Eric Holcomb announcing that eligible state residents will receive a “Automatic Taxpayer Refund” after filing their 2021 taxes.
“The Governor announced in December that an estimated 4.3 million taxpayers will receive a $125 refund when they file their 2021 taxes.” A total of $545 million will be returned to residents of Indiana. “After the April 18 tax-filing deadline, the Department of Revenue will begin issuing refunds via direct deposit or mailing a paper check,” Holcomb’s office stated earlier this month.
HOW MUCH MONEY COULD YOU GET?
New Mexico residents who filed their taxes on Monday after Gov. Michelle Lujan Grisham signed the legislation in March may be eligible for a rebate. Single filers would receive a $250 one-time refund, while married filers would receive a $500 one-time refund, according to Newsweek.
Certain New Jersey residents will be eligible for tax refunds of up to $500 after filing their 2021 taxes. According to Forbes, New Jersey Governor Phil Murphy and the state legislature passed a budget earlier this year that provided $500 tax refund checks to approximately one million families. Murphy included a $500 one-time refund check for anyone who filed their taxes last month using a taxpayer identification number rather than a social security number.
WHAT OTHER STATES WILL PROVIDE MORE PAYMENTS?
Idaho Governor Brad Little recently signed legislation that will provide qualified households with $350 million in tax refunds. “Any Idaho citizen who spent the entire calendar year in 2020 or 2021 in Idaho and filed an Idaho individual tax return or Form 24 for those years is eligible for a refund.” According to the Idaho Tax Commission, non-residents and part-time residents are ineligible.
Do I Have If I Still Want to Be Paid?
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The rebate will be $75 per taxpayer and dependent, or 12% of your 2020 taxes, whichever is greater. Aside from the five states that have already approved additional cash contributions after the April 18 tax filing deadline, several more are considering similar plans that must still be approved by the state legislature. California, New York, Hawaii, Kansas, Kentucky, Maine, Minnesota, Pennsylvania, and Virginia, according to Forbes, have similar proposals to provide additional money to citizens. According to the Newsweek story, if these ideas pass in the states, residents could receive more compensation in the coming months.