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More than two years after the start of the pandemic, financial aid is still a necessity for many.
Most important points
- Eligible residents of Alaska, California, Colorado, Hawaii, Illinois, Virginia will receive checks in September.
- Payments are issued in the form of rebates, dividends, relief funds and tax refunds.
- In several states, it can take months for each eligible recipient to receive a check.
After more than two years of dealing with pandemic and inflation-related financial problems, states continue to share budget overruns with residents. In September, these six states plan to deposit checks by mail or direct.
This week, Alaskans can expect $3,200 in payments — a $2,550 permanent fund dividend and $650 in energy relief funds. Residents who have submitted a paper application or requested a paper check will receive their checks within two weeks.
The Golden State’s middle class tax refund may already be in the bank accounts of some residents of the state. The one-time payment is intended to help Californians cover higher gas costs.
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Eligible recipients can receive a check for up to $1,050.
Colorado single tax filers will receive a $750 tax refund this month, and joint filers can look forward to $1,500. Anyone who filed their income tax return before June 30 can expect to receive the money by September 30.
Coloradans who have applied for an extension and meet the October 17 deadline will receive their tax refund by January 31, 2023.
Payments of $100 or $300 per person are also going to Hawaiians this month. The amount received depends on factors such as income and the status of the application. Those who earn more than $100,000 can expect a check for $100 per person, while those who earn less than $100,000 per year will receive $300.
Residents of the Land of Lincoln owe a one-time income and property tax credit of $50 to $300. Here’s how it works: Single filers receive $50, married couples filing jointly receive $100, and those with persons dependents receive up to an additional $300 ($100 per dependent, with a maximum of three).
This discount is available to single filers with an adjusted gross income (AGI) up to $200,000 and joint filers with an AGI up to $400,000.
Payments began the week of September 12, but it may take several months for each eligible resident to receive a check.
Virginia is another state that sends a one-time tax credit to eligible residents. To be eligible, a resident must have been subject to tax in the previous year. Single filers receive up to $250, and joint filers can expect up to $500.
While payments will begin in the next week, some Virginians may not receive their payment until October 31.
As we have learned, financial distress is an aftermath of a global pandemic. Each of these six states is doing what it can to combat the problem.