Stimulus Update: Everything You Need to Know About Which States Are Sending More Stimulus

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The federal government sent billions of dollars to each state during the peak of the pandemic. In theory, it was preferable to delegate pandemic-related issues to state legislatures rather than throwing more money at problems from the nation’s capital. Each state has its own set of issues, and the federal government’s assistance could go a long way toward addressing those issues.

 

Funds are still available.

Despite the passage of many months, most (if not all) states continue to rely on federal funds. Some, like Pennsylvania, can’t decide whether to distribute the wealth to their constituents or save it for a rainy day. The issue with retaining the funds is as follows: Anything not spent by the end of the fiscal year on December 31, 2024, must be returned to the federal government’s coffers.

States are now in a difficult situation. Many people want to share with state residents, but if they deposit a check into the bank accounts of everyone in the state, there’s a good chance it will feed inflation, causing prices to rise even more. As a result, these states have tightened the criteria for who will receive a check, hoping to limit it to those in the greatest need.

 

Stimulus Check

 

As of today, these are the states that have either passed legislation or appear to be on the verge of passing legislation to distribute wealth to those in need. Some states are sending cash, while others have devised novel ways to put money back into the pockets of state residents.

 

STATE WISE LIST

NO.1 California

STATE PLAN :

California Gasoline Rebate

WHO WOULD BE ELIGIBLE?

Everyone in California who owns a registered vehicle

HOW MUCH DO RESIDENTS GET?

$400 per vehicle (up to two vehicles)

STATUS:

It is still being debated.

NO.2 Georgia

STATE PLAN :

Georgia Stimulus Package in the Form of a Tax Rebate

WHO WOULD BE ELIGIBLE?

Those who have filed both their 2020 and 2021 tax returns

HOW MUCH DO RESIDENTS GET?

Single filers: $250; Head of household: $375; Married filing jointly: $375. $500 Governor’s signature

STATUS:

It is still being debated.

NO.3 Hawaii

STATE PLAN :

Hawaii Stimulus Package in the Form of a Tax Rebate

WHO WOULD BE ELIGIBLE?

Every taxpayer in Hawaii

HOW MUCH DO RESIDENTS GET?

Income less than $100,000: $300; Income greater than $100,000: $100

STATUS:

It is still being debated.

NO.4 Kentucky 

STATE PLAN :

Kentucky Stimulus in the form of a once-off rebate

WHO WOULD BE ELIGIBLE?

Not determined yet

HOW MUCH DO RESIDENTS GET?

Up to $500 per eligible Kentucky resident and up to $1,000 per household are available.

STATUS:

It is still being debated.

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It is still being debated.

As the weeks pass, other states may decide to share the wealth or, like New York, to provide more than one type of stimulus. Earlier this year, New York invested more than $2 billion in the Excluded Workers Fund. This plan is intended to assist undocumented workers who were previously ineligible for federal stimulus funds. Keep an eye on local news to see if you might be eligible for some of the leftover state funds.

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