With no fourth stimulus check from the FBI, these states give out COVID payouts – Community News
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With no fourth stimulus check from the FBI, these states give out COVID payouts

With no fourth stimulus check from the FBI, these states give out COVID payouts

With no fourth stimulus check from the FBI, these states give out COVID payouts

Washington dropped the idea of ​​a fourth stimulus check, but a number of states have stepped in to offer payouts to ease people’s financial pressure or recognize their work during the pandemic.

In fact, the country’s largest state is in the process of sending out another batch of hundreds of thousands of stimulus checks, and the country’s easternmost state has started its own round of aid payments.

Here are some payout states that many people may need to cover household expenses that grow with inflation or pay off debt as the financial impact of the pandemic continues.

States where you may still receive a stimulus payment

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California

The second round of stimulus in California has been underway since late August, with payments of $500 to $1,000 going in waves to people who meet income requirements. The distribution of a new batch of about 800,000 payments is underway, and another round is scheduled for early December, according to the California Franchise Tax Board.

Some states have made direct payments using aid to state and local governments in the massive COVID-19 stimulus bill that President Joe Biden signed in March. But not California, which has tapped into a massive state budget surplus created by the rising stock market and other factors.

Maine

All the way across the country, Maine pays $285 “disaster relief” to working people. The state will send checks to eligible taxpayers until the end of the year.

“I hope this will help some Maine families during the holiday season as we work towards a full recovery of our economy,” Governor Janet Mills said in a statement.

Minnesota

In this state hangs a question mark of more than $250 million reserved for people who have done essential work during the pandemic. After about a dozen meetings, a group of lawmakers could not agree on a plan to divide the money.

The group will send two plans to the legislature: Republican members want to prioritize payments for people most at risk of exposure to COVID-19, while the Democratic-Farmer-Labor Party favors a larger pool of workers.

Massachusetts

Massachusetts lawmakers are working out details of a bill that would set aside $500 million of the state’s federal pandemic money to create a COVID-19 Essential Employee Premium Pay Fund.

The state would give eligible people $500 to $2,000 in bonuses to recognize their time on the job during the pandemic emergency.

Arizona

The state offers people $2,000 if they get a job after receiving unemployment benefits for a specified period of time. Those are the alternate state officials who came up with when Arizona turned down federal COVID unemployment funds in July, about two months before the higher federal payments expired.

A judge is considering a lawsuit to force the state to pay people for unemployment benefits they would have received during that period.

New Mexico

The New Mexico incentive program spent $5 million helping low-income residents who were ineligible for federal incentives. In August, more than 4,000 households received up to $750.

A second payment round will take place at the end of November.

Tennessee

A bill passed earlier this year provides teachers with risk compensation to weather the worst of the pandemic.

Legislators originally proposed a 2% pay increase for teachers, but eventually replaced it with a one-time payment of $1,000 for full-time teachers. The checks are expected to be sent by the end of 2021.

What if your state doesn’t offer an additional incentive?

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If you don’t have an incentive payment from your state, or if you just want to spend cautiously during the ongoing uncertainty of the pandemic, try some ideas for freeing up extra cash on your own.

  • Tackle your debts. Credit is convenient, but it won’t be long before expensive interest catches up with you. If you’re juggling multiple credit card balances and other high-interest debt, fold them together into a single debt consolidation loan to pay off your debt faster and more affordably.

  • Stretch out every dollar. Can you drop subscription services you don’t use? Can you downgrade your phone plan to save a few bucks each month? And finally, do you get the best deals when you shop online? If you’re not sure about the latter, a free browser tool can automatically scour the web for better prices and coupons.

  • Cut your insurance bills. If you haven’t been shopping for better auto insurance lately, you may be overpaying hundreds of dollars each year, especially if you still work from home and drive less. A little comparison shopping can lower your car premiums.

  • Turn your pennies into a portfolio. Try to make some money in the stock market by investing only your “change” from daily purchases. You won’t even miss the pennies that help you build a diverse portfolio.

This article provides information only and should not be construed as advice. It comes without any kind of warranty.